Chapter

Insurers

Conn. Gen. Stat. § 38a-41— (Formerly Sec. 38-20). Authority to do business. Licensure. Revocation or refusal to renew license. Fines. Company owned by a state or foreign nation or company controlled by insureds not to be issued license. Appeals. Plan of operations. Type of business to be conducted
Conn. Gen. Stat. § 38a-41a— Certificate authorizing formation of insurance company or health care center. Information required by commissioner. Costs
Conn. Gen. Stat. § 38a-42— (Formerly Sec. 38-20b). Contracts with life, accident or health insurance producers
Conn. Gen. Stat. § 38a-43— (Formerly Sec. 38-22). Certain insurance companies and health care centers may be prohibited from transacting business in this state
Conn. Gen. Stat. § 38a-44— (Formerly Sec. 38-64b). Notice to commissioner of intent to discontinue line of insurance
Conn. Gen. Stat. § 38a-45— (Formerly Sec. 38-29). Limitation on title insurance and mortgage guaranty insurance
Conn. Gen. Stat. § 38a-46— (Formerly Sec. 38-30). Writing of participating and nonparticipating insurance by domestic stock and mutual insurance companies
Conn. Gen. Stat. § 38a-47— (Formerly Sec. 38-53a). Payments by domestic insurance companies for expenditures of Insurance Department and amount appropriated to Office of Health Strategy from Insurance Fund
Conn. Gen. Stat. § 38a-48— (Formerly Sec. 38-53b). *(See end of section for amended version and effective date.) Assessment of payments by domestic insurance companies. Adjustments. Penalty. Interest. Payments credited to Insurance Fund. Allocation of assessments
Conn. Gen. Stat. § 38a-49— (Formerly Sec. 38-51). Fraternal benefit societies and foreign or alien companies to reimburse state for costs of examination
Conn. Gen. Stat. § 38a-50— (Formerly Sec. 38-52). Fraternal, foreign and alien life insurers to reimburse state for costs of valuation
Conn. Gen. Stat. § 38a-51— (Formerly Sec. 38-53). Assessment of costs of examination and valuation. Payments credited to Insurance Fund
Conn. Gen. Stat. § 38a-52— (Formerly Sec. 38-54). Appeal from assessment
Conn. Gen. Stat. § 38a-52a— Insurance Fund established
Conn. Gen. Stat. § 38a-53— (Formerly Sec. 38-24). Requirements re filing of annual reports and financial statements. Late filing fee. Due date extensions
Conn. Gen. Stat. § 38a-53a— Annual statement convention blank filing with the National Association of Insurance Commissioners. Financial statements and other information filing with the National Association of Insurance Commissioners
Conn. Gen. Stat. § 38a-54— Audited reports
Conn. Gen. Stat. § 38a-55— Hypothecation of assets
Conn. Gen. Stat. § 38a-56— (Formerly Sec. 38-19). False returns to commissioner
Conn. Gen. Stat. § 38a-57— (Formerly Sec. 38-26a). Retention of records and assets in state
Conn. Gen. Stat. § 38a-58— (Formerly Sec. 38-40). Change of location of domestic insurance company
Conn. Gen. Stat. § 38a-58a— Transfer of domicile: By foreign insurance company to this state; by domestic insurance company to another state. Procedures
Conn. Gen. Stat. § 38a-58b— Definitions
Conn. Gen. Stat. § 38a-58c— Applicability of state laws to alien insurer's United States branch
Conn. Gen. Stat. § 38a-58d— Use of state as alien insurer's state of entry. Requirements. Examination of trusteed assets. Revocation of license and liquidation of United States branch
Conn. Gen. Stat. § 38a-58e— Annual and quarterly statements by United States branch
Conn. Gen. Stat. § 38a-58f— Issuance and renewal of United States branch license. Proceeding against United States branch
Conn. Gen. Stat. § 38a-58g— Domestication of alien insurer's United States branch
Conn. Gen. Stat. § 38a-59— (Formerly Sec. 38-42a). Change of name of domestic insurance company or domestic health care center with capital stock
Conn. Gen. Stat. § 38a-60— (Formerly Sec. 38-27a). Continuity of management during national emergencies
Conn. Gen. Stat. § 38a-61— (Formerly Sec. 38-134). Limitation of use of power of attorney
Conn. Gen. Stat. § 38a-62— (Formerly Sec. 38-27b). Indemnification of directors, officers and employees of mutual insurance companies
Conn. Gen. Stat. § 38a-63— Limitation of liability of director of mutual insurance company
Conn. Gen. Stat. § 38a-64— (Formerly Sec. 38-41). Donations by domestic mutual companies
Conn. Gen. Stat. § 38a-65— (Formerly Sec. 38-48). Disposition of unclaimed dividends of insolvent company
Conn. Gen. Stat. § 38a-66— Reinsurance of insurance business with other insurers by agreement of bulk reinsurance
Conn. Gen. Stat. § 38a-67— Reporting requirement for cancellations and revisions of ceded reinsurance agreements
Conn. Gen. Stat. § 38a-67a— Acquisitions and dispositions of assets, reporting requirement waived, when. Asset acquisitions and dispositions, defined. Information required to be disclosed
Conn. Gen. Stat. § 38a-67b— Nonrenewals, cancellations or revisions, reporting requirement waived, when. Information required to be disclosed
Conn. Gen. Stat. § 38a-68
Conn. Gen. Stat. § 38a-69— Scope of provisions
Conn. Gen. Stat. § 38a-69a— Confidentiality of financial examination workpapers and operating and financial condition reports. Confidentiality of certain supplemental compensation exhibits and stockholder information supplements. Exceptions
Conn. Gen. Stat. § 38a-70— Accounting standards
Conn. Gen. Stat. § 38a-71— Minimum asset requirements. Minimum capital and minimum surplus requirements
Conn. Gen. Stat. § 38a-72— (Formerly Sec. 38-93). Financial requirements to license an insurance company
Conn. Gen. Stat. § 38a-72a— Regulations
Conn. Gen. Stat. § 38a-73— (Formerly Sec. 38-110). Limitation of risks
Conn. Gen. Stat. § 38a-74— (Formerly Secs. 38-94 and 38-95). Estimation of trusteed surplus. Appointment of trustees; examinations by commissioner
Conn. Gen. Stat. § 38a-76— (Formerly Sec. 38-25). Reserves
Conn. Gen. Stat. § 38a-77— (Formerly Sec. 38-130). Valuation of reserve
Conn. Gen. Stat. § 38a-78— (Formerly Sec. 38-130e). Ascertainment of reserves for insurance policies and contracts issued prior to and on or after operative date of NAIC Valuation Manual. Actuarial opinions and memoranda. Confidentiality
Conn. Gen. Stat. § 38a-78a— NAIC Valuation Manual. Operative date changes. Requirements
Conn. Gen. Stat. § 38a-79— (Formerly Sec. 38-26). Valuation of securities
Conn. Gen. Stat. § 38a-79a— Short title: Standard Valuation Law
Conn. Gen. Stat. § 38a-80— (Formerly Sec. 38-164). Premium reserve for health, accident and liability business
Conn. Gen. Stat. § 38a-81— (Formerly Sec. 38-132). Sale of property taken for debts
Conn. Gen. Stat. § 38a-82— (Formerly Sec. 38-133). Improvement of real estate
Conn. Gen. Stat. § 38a-83— (Formerly Sec. 38-43). Securities required by other states deposited with State Treasurer
Conn. Gen. Stat. § 38a-84— (Formerly Sec. 38-47). Securities to be delivered to receiver
Conn. Gen. Stat. § 38a-85— Credit allowed a domestic ceding insurer. Filing of annual reports, certifications and financial statements. Assuming insurers and reciprocal jurisdictions. Suspension or revocation of accreditation or certification. Proportionality and diversification of reinsurance recoverables and program
Conn. Gen. Stat. § 38a-85a— Certification as a reinsurer. Regulations
Conn. Gen. Stat. § 38a-86— Reduction from liability for reinsurance ceded by a domestic insurer to an assuming insurer. Regulations
Conn. Gen. Stat. § 38a-87— Qualified United States financial institutions
Conn. Gen. Stat. § 38a-88— Regulations
Conn. Gen. Stat. § 38a-88a— Insurance business investments through fund managers. Invest CT funds. Tax credits. Regulations
Conn. Gen. Stat. § 38a-88b— Applicability of section 38a-88a
Conn. Gen. Stat. § 38a-89— Reinsurance agreements affected
Conn. Gen. Stat. § 38a-90— Short title: Managing General Agents Act
Conn. Gen. Stat. § 38a-90a— Definitions
Conn. Gen. Stat. § 38a-90b— Licensing of managing general agents
Conn. Gen. Stat. § 38a-90c— Contractual agreement between insurer and managing general agent. Minimum provisions of the contract
Conn. Gen. Stat. § 38a-90d— Duties of the insurer
Conn. Gen. Stat. § 38a-90e— Acts of managing general agent considered to be acts of insurer. Examination of the managing general agent
Conn. Gen. Stat. § 38a-90f— Violations of the Managing General Agents Act. Hearing and notices. Fines. Loss or damage due to noncompliance rehabilitation or liquidation. Civil actions and other relief
Conn. Gen. Stat. § 38a-90g— Regulations
Conn. Gen. Stat. § 38a-90h— Utilization of managing general agent's services. Exceptions
Conn. Gen. Stat. § 38a-91— Definitions
Conn. Gen. Stat. § 38a-91a— Insurers affected
Conn. Gen. Stat. § 38a-91aa— Captive insurance companies. Definitions
Conn. Gen. Stat. § 38a-91b— Controlled insurers. Applicability. Minimum provisions
Conn. Gen. Stat. § 38a-91bb— Captive insurance companies. Licenses. Fees
Conn. Gen. Stat. § 38a-91c— Disclosure to insured by controlling producer. Exception
Conn. Gen. Stat. § 38a-91cc— Same or deceptively similar name prohibited
Conn. Gen. Stat. § 38a-91d— Noncompliance: Remedies allowed
Conn. Gen. Stat. § 38a-91dd— Capital and surplus requirements
Conn. Gen. Stat. § 38a-91e
Conn. Gen. Stat. § 38a-91ee— Payment of dividends and other distributions
Conn. Gen. Stat. § 38a-91ff— Incorporation and formation. Transfer of domicile
Conn. Gen. Stat. § 38a-91gg— Annual reports
Conn. Gen. Stat. § 38a-91hh— Examinations of captive insurance companies. Costs. Confidentiality of financial examination workpapers and reports
Conn. Gen. Stat. § 38a-91ii— Suspension, revocation or refusal to renew license. Amendment or modification of a special purpose financial captive insurance company's license
Conn. Gen. Stat. § 38a-91jj— Applicability of state investment laws. Certain loans and investments required to be approved by commissioner. Loans of minimum capital and surplus funds prohibited
Conn. Gen. Stat. § 38a-91k— Captive insurers: Information to be submitted to commissioner
Conn. Gen. Stat. § 38a-91kk— Reinsurance
Conn. Gen. Stat. § 38a-91l— l to 38a-91z
Conn. Gen. Stat. § 38a-91ll— ll . Rating organization
Conn. Gen. Stat. § 38a-91mm— Guaranty association and insolvency fund exclusion
Conn. Gen. Stat. § 38a-91nn— Direct premium receipts tax and assumed reinsurance premium receipts tax. Applicability of tax statutes
Conn. Gen. Stat. § 38a-91oo— Applicability of insurance statutes
Conn. Gen. Stat. § 38a-91pp— Conversions and mergers. Approval by commissioner
Conn. Gen. Stat. § 38a-91qq— Regulations
Conn. Gen. Stat. § 38a-91rr— Establishment of protected cells and incorporated protected cells by a sponsored captive insurance company. Extent of obligations. Recourse
Conn. Gen. Stat. § 38a-91ss— Additional requirements for a special purpose financial captive insurance company
Conn. Gen. Stat. § 38a-91tt— Additional requirements for a sponsored captive insurance company licensed as a special purpose financial captive insurance company
Conn. Gen. Stat. § 38a-91uu— Dormant captive insurance company. Certificate of dormancy. Capital and surplus
Conn. Gen. Stat. § 38a-91vv— Establishment of captive insurance company to provide assistance to owners of residential buildings with concrete foundations that have deteriorated due to presence of pyrrhotite. Reports. Public hearings. Applications for assistance decisions. Termination
Conn. Gen. Stat. § 38a-91ww— Agency captive insurance companies. Corporate form
Conn. Gen. Stat. § 38a-91xx— Agency captive insurance companies. Authority to do business
Conn. Gen. Stat. § 38a-91yy— Conversion of protected cells and incorporated protected cells by a sponsored captive insurance company
Conn. Gen. Stat. § 38a-92— Financial Guaranty Insurance Act, generally
Conn. Gen. Stat. § 38a-92a— Definitions
Conn. Gen. Stat. § 38a-92b— Licensing of financial guaranty insurance corporations. Reinsurance
Conn. Gen. Stat. § 38a-92c— Contingency reserves
Conn. Gen. Stat. § 38a-92d— Reserves against unpaid losses and loss expense
Conn. Gen. Stat. § 38a-92e— Unearned premium reserve
Conn. Gen. Stat. § 38a-92f— Disclosures in prospectus or other offering document
Conn. Gen. Stat. § 38a-92g— Financial guaranty insurance transactions. Exceptions
Conn. Gen. Stat. § 38a-92h— Copies of relevant materials
Conn. Gen. Stat. § 38a-92i— Net liability. Kinds of obligations
Conn. Gen. Stat. § 38a-92j— Limiting of exposure to loss on any one risk
Conn. Gen. Stat. § 38a-92k— Exceeding of limitations by licensed financial insurance corporations. Notification of commissioner. Hearing
Conn. Gen. Stat. § 38a-92l— l . Other licensed insurers transacting financial guaranty insurance to be subject to provisions of this part
Conn. Gen. Stat. § 38a-92m— Credit for reinsurance as an asset or as a reduction from liability, when
Conn. Gen. Stat. § 38a-92n— Filing of policy forms and amendments with commissioner
Conn. Gen. Stat. § 38a-93
Conn. Gen. Stat. § 38a-94— (Formerly Secs. 38-141a to 38-146a and 38-148). Domestic life insurers: Certain investments forbidden; unqualified loans and investments, limit permitted; investment in obligations guaranteed by federal or state government; approval of loans and investments; officers to receive no compensation for negotiating loan; security for loans; acquisition and organization of subsidiaries by domestic mutual life insurance companies; penalty for authorizing illegal investments
Conn. Gen. Stat. § 38a-102— Investments. Derivative financial transactions. Regulations
Conn. Gen. Stat. § 38a-102a— Nonadmitted investment assets. Divestiture order, notice and hearing
Conn. Gen. Stat. § 38a-102b— Definitions
Conn. Gen. Stat. § 38a-102c— Investments of admitted assets. Limitations
Conn. Gen. Stat. § 38a-102d— Affiliate relationships in the investment of admitted assets. Limitations
Conn. Gen. Stat. § 38a-102e— Loan or investment prohibition
Conn. Gen. Stat. § 38a-102f— Prohibition of compensation for negotiating a loan
Conn. Gen. Stat. § 38a-102g— Investments of foreign and alien insurers
Conn. Gen. Stat. § 38a-102h— Policies and procedures re use of special knowledge or information
Conn. Gen. Stat. § 38a-102i— Exceptions
Conn. Gen. Stat. § 38a-103
Conn. Gen. Stat. § 38a-117— (Formerly Sec. 38-68a). Insider trading of equity securities. Definitions
Conn. Gen. Stat. § 38a-118— (Formerly Sec. 38-68b). Beneficial owners of securities to file with commissioner
Conn. Gen. Stat. § 38a-119— (Formerly Sec. 38-68c). Disposition of certain profits realized by owners and officers
Conn. Gen. Stat. § 38a-120— (Formerly Sec. 38-68d). Sales of securities restricted
Conn. Gen. Stat. § 38a-121— (Formerly Sec. 38-68e). Excepted transactions
Conn. Gen. Stat. § 38a-122— (Formerly Sec. 38-68f). Foreign or domestic arbitrage transactions
Conn. Gen. Stat. § 38a-123— (Formerly Sec. 38-68g). Securities of certain companies not covered
Conn. Gen. Stat. § 38a-124— (Formerly Sec. 38-68h). Regulations
Conn. Gen. Stat. § 38a-125
Conn. Gen. Stat. § 38a-129— (Formerly Sec. 38-39a). Purpose. Definitions. Applicability to captive insurance companies
Conn. Gen. Stat. § 38a-129a— Presumption of control
Conn. Gen. Stat. § 38a-130— (Formerly Sec. 38-39b). Acquisition and divestiture of domestic insurance companies. Required statement and notice filings. Violations
Conn. Gen. Stat. § 38a-131— (Formerly Sec. 38-39c). Acquisitions. Exemptions. Preacquisition notifications. Violations of competitive standards. Hearing. Penalties
Conn. Gen. Stat. § 38a-132— (Formerly Sec. 38-39d). Approval of acquisitions. Hearing. Expenses
Conn. Gen. Stat. § 38a-133— (Formerly Sec. 38-39e). Exemptions
Conn. Gen. Stat. § 38a-134— (Formerly Sec. 38-39f). Nonvotable securities. Injunctive relief
Conn. Gen. Stat. § 38a-135— (Formerly Sec. 38-39g). Insurance holding company system member registration. Registration statement. Annual enterprise risk report. Group capital calculation. Liquidity stress test framework. Termination of registration statement. Disclaimer of affiliation. Exemptions. Supervisory college. Group-wide supervision of internationally active insurance group
Conn. Gen. Stat. § 38a-136— (Formerly Sec. 38-39h). Requirements re transactions within an insurance holding company system. Prohibited transactions. Extraordinary dividends or distributions. Affiliate consent to jurisdiction
Conn. Gen. Stat. § 38a-137— (Formerly Sec. 38-39i). Confidentiality of information
Conn. Gen. Stat. § 38a-138— (Formerly Sec. 38-39j). Regulations
Conn. Gen. Stat. § 38a-139— (Formerly Sec. 38-39k). Appeals
Conn. Gen. Stat. § 38a-140— (Formerly Sec. 38-39 l ). Remedial and penal provisions
Conn. Gen. Stat. § 38a-141— (Formerly Sec. 38-39m). Financial and market conduct examination of acquired domestic insurance company. Transactions limited. Penalties. Regulations
Conn. Gen. Stat. § 38a-142— Own risk and solvency assessments. Reports. Penalty. Exemptions. Confidentiality of documents, materials or other information
Conn. Gen. Stat. § 38a-142a— Corporate governance annual disclosures. Confidentiality of documents, materials or other information. CGAD reviews. Penalty
Conn. Gen. Stat. § 38a-143
Conn. Gen. Stat. § 38a-146— (Formerly Sec. 38-37). Domestic insurance company may acquire stock of other companies
Conn. Gen. Stat. § 38a-147— (Formerly Sec. 38-37a). Solicitation of proxies
Conn. Gen. Stat. § 38a-148— (Formerly Sec. 38-37b). Redemption of shares of domestic insurance company. Notice. Determination of fair value
Conn. Gen. Stat. § 38a-149— (Formerly Sec. 38-38). Interlocking directorate
Conn. Gen. Stat. § 38a-150— (Formerly Sec. 38-39). Monopoly. Complaint and hearing. Cease and desist order
Conn. Gen. Stat. § 38a-151— (Formerly Sec. 38-34). Reduction of capital stock
Conn. Gen. Stat. § 38a-152— (Formerly Sec. 38-35). Issuance of stock in exchange for stock of another company
Conn. Gen. Stat. § 38a-153— (Formerly Sec. 38-42). Merger or consolidation of companies
Conn. Gen. Stat. § 38a-154— (Formerly Sec. 38-36). Filing of the certificate of merger or consolidation with the Secretary of the State
Conn. Gen. Stat. § 38a-155— (Formerly Sec. 38-42b). Conversion of hospital service corporation and medical service corporation to mutual insurance company. Procedure. Authorized agents to sell products
Conn. Gen. Stat. § 38a-156— Definitions
Conn. Gen. Stat. § 38a-156a— Reorganization of domestic mutual insurer as domestic stock insurer owned by mutual holding company. Plan of reorganization. Approval. Use of the word “mutual” in name. Voting stock ownership. Prohibited fees, commission or other consideration
Conn. Gen. Stat. § 38a-156b— Mutual holding company requirements
Conn. Gen. Stat. § 38a-156c— Amendments to articles of incorporation and plan of reorganization
Conn. Gen. Stat. § 38a-156d— Transfer of assets or liabilities and acquisition of subsidiaries by reorganized insurer
Conn. Gen. Stat. § 38a-156e— Requirements of reorganizing mutual life insurer. Report
Conn. Gen. Stat. § 38a-156f— Voting stock offerings
Conn. Gen. Stat. § 38a-156g— Restrictions on stock offerings and stock ownership
Conn. Gen. Stat. § 38a-156h— Merger or consolidation of mutual holding companies. Effect on pending court action or proceeding
Conn. Gen. Stat. § 38a-156i— Reorganization of domestic mutual insurer with existing domestic or foreign mutual holding company
Conn. Gen. Stat. § 38a-156j— Conversion of domestic mutual holding company to domestic stock corporation. Plan of conversion. Approval. Prohibited fees, commission or other consideration
Conn. Gen. Stat. § 38a-156k— Proceedings and actions
Conn. Gen. Stat. § 38a-156l— l . Confidentiality of information, documents and copies related to reorganization, merger, consolidation or conversion
Conn. Gen. Stat. § 38a-156m— Regulations
Conn. Gen. Stat. § 38a-156n
Conn. Gen. Stat. § 38a-156r— Definitions
Conn. Gen. Stat. § 38a-156s— Division of domestic insurer. Plan of division. Amendment and abandonment
Conn. Gen. Stat. § 38a-156t— Plan of division. Approval by interest holders and governors
Conn. Gen. Stat. § 38a-156u— Plan of division. Approval by commissioner. Notice and hearing. Certificate of approval
Conn. Gen. Stat. § 38a-156v— Certificate of division
Conn. Gen. Stat. § 38a-156w— Effect of division
Conn. Gen. Stat. § 38a-156x— Responsibility and liability of resulting insurers
Conn. Gen. Stat. § 38a-156y— Appraisal rights
Conn. Gen. Stat. § 38a-156z— Regulations
Conn. Gen. Stat. § 38a-157
Conn. Gen. Stat. § 38a-160— (Formerly Sec. 38-290). Exceptions
Conn. Gen. Stat. § 38a-161— (Formerly Sec. 38-291). Definitions
Conn. Gen. Stat. § 38a-162— (Formerly Sec. 38-292). License required. Expiration. Fee. Required information
Conn. Gen. Stat. § 38a-163— (Formerly Sec. 38-293). Application for license. Investigation. Hearing on license denial. Issuance or renewal
Conn. Gen. Stat. § 38a-164— (Formerly Sec. 38-294). Revocation, suspension or refusal to renew license. Hearing. Fine. Petition to show cause
Conn. Gen. Stat. § 38a-165— (Formerly Sec. 38-295). Records of licensee
Conn. Gen. Stat. § 38a-166— (Formerly Sec. 38-296). Regulations
Conn. Gen. Stat. § 38a-167— (Formerly Sec. 38-297). Insurance premium finance agreement requirements
Conn. Gen. Stat. § 38a-168— (Formerly Sec. 38-298). Service charge
Conn. Gen. Stat. § 38a-169— (Formerly Sec. 38-299). Delinquency charge
Conn. Gen. Stat. § 38a-170— (Formerly Sec. 38-300). Cancellation of insurance contract on default of insured
Conn. Gen. Stat. § 38a-171