Connecticut Administrative Code

Regulations of Connecticut State AgenciesSec. 38-78-1—38-78-18. Transferred, September 25, 1992.Former SectionNew Section38-78-138a-794-138-78-238a-794-238-78-338a-794-338-78-438a-794-438-78-538a-794-538-78-638a-794-638-78-738a-794-738-78-838a-794-838-78-938a-794-938-78-1038a-794…

Regulations of Connecticut State AgenciesSec. 38-92b-1—38-92b-8. Transferred, September 25, 1992.Former SectionNew Section38-92b-138a-790-138-92b-238a-790-238-92b-338a-790-338-92b-438a-790-438-92b-538a-790-538-92b-638a-790-638-92b-738a-790-738-92b-838a-790-8 AUTHORITY: Conn. Gen.…

Regulations of Connecticut State AgenciesSec. 38a-10-1. ApplicabilityThis regulation shall apply to any person engaged in the settlement of claims with respect to first party motor vehicle physical damage claims and third party property damage liability claims of residents of thi…

Regulations of Connecticut State AgenciesSec. 38a-10-2. DefinitionsAs used in this regulation:(a) \"Arbitration\" means the process in which each party presents its case at a hearing to the arbitrator for a final decision. Arbitration may be conducted, at the option of the claima…

Regulations of Connecticut State AgenciesSec. 38a-10-3. Arbitration procedure(a) If mediation by the Insurance Department Division of Consumer Affairs fails to resolve a dispute between a claimant and an insurance company, the Insurance Department examiner who examined the compla…

Regulations of Connecticut State AgenciesSec. 38a-10-4. Records(a) The Insurance Department shall maintain a record of each arbitration which shall include the docket number, names of the parties involved, decision of the arbitrator, and information concerning compliance and judi…

Regulations of Connecticut State AgenciesSec. 38a-124-1. Definition of certain terms(a) \"Issuer\" means any domestic stock insurance company any class of whose equity securities are subject to the provisions of sections 38a-117 to 38a-124 inclusive, of the 1965 supplement to the…

Regulations of Connecticut State AgenciesSec. 38a-124-10. Exemption from section 38a-119 of certain acquisitions and dispositions of securities involving the conversion of similar securities(a) Any acquisition or disposition of an equity security involved in the conversion of an …

Regulations of Connecticut State AgenciesSec. 38a-124-11. Exemption from section 38a-119 of certain sales of a subscription right involving the acquisition of similar securities(a) Any sale of a subscription right to acquire any subject security of the same issuer shall be exempt…

Regulations of Connecticut State AgenciesSec. 38a-124-12. Exemption of certain securities from section 38a-120Any security shall be exempt from the operation of section 38a-120 of the 1965 supplement to the general statutes to the extent necessary to render lawful under such sect…

Regulations of Connecticut State AgenciesSec. 38a-124-13. Exemption from section 38a-120 of certain transactions effected in connection with a distributionAny security shall be exempt from the operation of section 38a-120 of the 1965 supplement to the general statutes to the exte…

Regulations of Connecticut State AgenciesSec. 38a-124-14. Exemption of sales of securities to be acquired from section 38a-120(a) Whenever any person is entitled, as an incident to his ownership of an issued security and without the payment of consideration, to receive another se…

Regulations of Connecticut State AgenciesSec. 38a-124-15. Arbitrage transactions under section 38a-122It shall be unlawful for any director or officer of the issuer of an equity security to effect any foreign or domestic arbitrage transaction in any equity security of such issuer…

Regulations of Connecticut State AgenciesSec. 38a-124-16. Reports of directors, officers and principal stockholders. Filing of statements(a) Initial statements of beneficial ownership of equity securities required by section 38a-118 of the 1969 supplement to the general statutes …

Regulations of Connecticut State AgenciesSec. 38a-124-17. Ownership of more than ten per cent of an equity security(a) In determining, for the purpose of section 38a-118 of the 1969 supplement to the general statutes, whether a person is the beneficial owner, directly or indirect…

Regulations of Connecticut State AgenciesSec. 38a-124-18. Disclaimer of beneficial ownershipAny person filing a statement may expressly declare therein that the filing of such statement shall not be construed as an admission that such person is, for the purpose of the act, the be…

Regulations of Connecticut State AgenciesSec. 38a-124-19. Exemption from sections 38a-118 and 38a-119(a) During the period of twelve moths following their appointment and qualification, securities held by the following persons shall be exempt from sections 38a-118 and 38a-119 of …

Regulations of Connecticut State AgenciesSec. 38a-124-2. Definition of securities \"held of record\"(a) For the purpose of determining whether the equity securities of an issuer are held of record by one hundred or more persons, securities shall be deemed to be \"held of record\"…

Regulations of Connecticut State AgenciesSec. 38a-124-20. Exemption from the act of securities purchased or sold by odd-lot dealersSecurities purchased or sold by an odd-lot dealer (1) in odd lots so far as reasonably necessary to carry on odd-lot transactions or (2) in round lot…

Regulations of Connecticut State AgenciesSec. 38a-124-21. Certain transactions subject to section 38a-118The acquisition or disposition of any transferable option, put, call, spread or straddle shall be deemed such a change in the beneficial ownership of the security to which suc…

Regulations of Connecticut State AgenciesSec. 38a-124-22. Ownership of securities held in trust(a) Beneficial ownership of a security for the purpose of section 38a-118 of the 1965 supplement to the general statutes shall include: (1) The ownership of securities as a trustee wher…

Regulations of Connecticut State AgenciesSec. 38a-124-23. Exemption for small transactions(a) Any acquisition of securities shall be exempt from section 38a-118 of the 1969 supplement to the general statutes where (1) the person effecting the acquisition does not within six month…

Regulations of Connecticut State AgenciesSec. 38a-124-24. Exemption from section 38a-119 of transactions which need not be reported under section 38a-118Any transaction which has been or shall be exempted by the commissioner from the requirements of section 38a-118 of the 1965 su…

Regulations of Connecticut State AgenciesSec. 38a-124-3. Transactions exempted from the operation of section 38a-119(a) Any acquisition or disposition of any equity security by a director or officer of an issuer within six months prior to the date on which the act shall first bec…

Regulations of Connecticut State AgenciesSec. 38a-124-4. Exemption from section 38a-119 of certain transactions effected in connection with a distribution(a) Any transaction of purchase and sale, or sale and purchase, of a security which is effected in connection with the distrib…

Regulations of Connecticut State AgenciesSec. 38a-124-5. Exemption from section 38a-119 of acquisitions of shares of stock and stock options under certain stock bonus, stock option and similar plansAny acquisition of shares of stock (other than stock acquired upon the exercise of…

Regulations of Connecticut State AgenciesSec. 38a-124-6. Exemption from section 38a-119 of certain transactions in which securities are received by redeeming other securitiesAny acquisition of an equity security, other than a convertible security or right to purchase a security, …

Regulations of Connecticut State AgenciesSec. 38a-124-7. Exemption from section 38a-119 of certain acquisitions and dispositions of securities involving a voting trust or deposit agreementAny acquisition or disposition of an equity security involved in the deposit of such securit…

Regulations of Connecticut State AgenciesSec. 38a-124-8. Exemption from section 38a-119 of certain acquisitions and dispositions of securities pursuant to mergers or consolidations(a) The following transactions shall be exempt from the provisions of section 38a-119 of the 1965 su…

Regulations of Connecticut State AgenciesSec. 38a-124-9. Exemption of long term profits incident to sales within six months of the exercise of an option(a) To the extent specified in subsection (b) of this section, the commissioner hereby exempts as not comprehended within the pu…

Regulations of Connecticut State AgenciesSec. 38a-138-1. Forms - general requirements(a) Sections 38a-138-1 to 38a-138-16, inclusive, and the forms prescribed in the Appendixes A, B, C, D, E and F of sections 38a-138-1 to 38a-138-16, inclusive, of the Regulations of Connecticut S…

Regulations of Connecticut State AgenciesSec. 38a-138-10. Amendments to form B(a) An amendment to Form B shall be filed within 15 days after the end of any month in which there is a material change to the information provided in the annual registration statement. (b) Amendments s…

Regulations of Connecticut State AgenciesSec. 38a-138-11. Alternative and consolidated registrations(a) Any authorized insurer may file a registration statement on behalf of any affiliated insurer or insurers which are required to register under section 38a-135 of the Connecticut…

Regulations of Connecticut State AgenciesSec. 38a-138-12. Disclaimers and termination of registration(a) A disclaimer of affiliation or a request for termination of registration claiming that a person does not, or will not upon the taking of some proposed action, control another …

Regulations of Connecticut State AgenciesSec. 38a-138-13. Transactions subject to prior notice - notice filing(a) An insurer required to give notice of a proposed transaction pursuant to section 38a-136 of the Connecticut General Statutes shall furnish the required information on…

Regulations of Connecticut State AgenciesSec. 38a-138-13a. Enterprise Risk ReportThe ultimate controlling person of an insurer required to file an enterprise risk report pursuant to section 38a-135(f) of the Connecticut General Statutes shall furnish the required information on F…

Regulations of Connecticut State AgenciesSec. 38a-138-14. Ordinary dividends; extraordinary dividends and other distributions(a) Notice of Ordinary Dividends. Any domestic insurance company required, pursuant to section 38a-136(h) of the Connecticut General Statutes, to notify th…

Regulations of Connecticut State AgenciesSec. 38a-138-15. Adequacy of surplusThe factors set forth in section 38a-136(g) of the Connecticut General Statutes are not intended to be an exhaustive list. In determining the adequacy and reasonableness of an insurer's surplus no single…

Regulations of Connecticut State AgenciesSec. 38a-138-16. Severability and AppendicesIf any provision of sections 38a-138-1 to 38a-138-16, inclusive, of the Regulations of Connecticut State Agencies, or the application thereof to any person or circumstance is held invalid, such d…

Regulations of Connecticut State AgenciesSec. 38a-138-2. Forms - incorporation by reference, summaries and omissions(a) Information required by any item of Form A, Form B, Form D, Form D-1, Form E or Form F, may be incorporated by reference in answer or partial answer to any othe…

Regulations of Connecticut State AgenciesSec. 38a-138-3. Forms — information unknown or unavailable and extension of time to furnish(a) Information required need be given only insofar as it is known or reasonably available to the person filing the statement. If any required infor…

Regulations of Connecticut State AgenciesSec. 38a-138-4. Forms -- additional information and exhibitsIn addition to the information expressly required to be included in Form A, Form B, Form D, Form D-1, Form E or Form F, there shall be added such further material information, if …

Regulations of Connecticut State AgenciesSec. 38a-138-5. DefinitionsAs used in sections 38a-138-1 to 38a-138-16, inclusive, of the Regulations of Connecticut State Agencies: (a) “Commissioner” means the Insurance Commissioner of the State of Connecticut.(b) “Executive officer” me…

Regulations of Connecticut State AgenciesSec. 38a-138-6. Acquisition of control -- statement filing; amendments to Form A; hearingA person required to file a statement pursuant to section 38a-130 of the Connecticut General Statutes shall furnish the required information on Form A…

Regulations of Connecticut State AgenciesSec. 38a-138-7. Acquisition under subsection (c) of section 38a-130 of the Connecticut General StatutesIf a person seeks to effectuate an acquisition of control of, or merger with, any corporation which is not itself a domestic insurance c…

Regulations of Connecticut State AgenciesSec. 38a-138-7a. Confidential notification of proposed divestiture(a) If any person controlling a domestic insurance company is seeking to divest in any manner such person’s controlling interest in such insurance company, that person shall…

Regulations of Connecticut State AgenciesSec. 38a-138-7b. Pre-acquisition notificationIf a domestic insurance company, including any person controlling a domestic insurance company, is proposing a merger or acquisition pursuant to section 38a-130 of the Connecticut General Statut…