Title 38a, Title 38a: Insurance

Sec. 38a-253. (Formerly Sec. 38-533). Submission of information to Insurance Commissioner by risk retention groups not domiciled in this state. Financial examination. (a) Each risk retention group not domiciled in this state that is doing business in this state shall submit to th…

Sec. 38a-254. (Formerly Sec. 38-534). Premiums subject to taxation. All premiums paid for coverages within this state to a risk retention group or insurer, other than a captive insurance company, as defined in section 38a-91aa, or a licensed or eligible surplus lines insurer, sha…

Sec. 38a-255. (Formerly Sec. 38-535). Notice on insurance applications from and policies issued by risk retention group. Each application for insurance from a risk retention group and each policy issued by a risk retention group shall contain in ten point type on the front page a…

Sec. 38a-256. (Formerly Sec. 38-536). Solicitation or sale of insurance prohibited if financially impaired. No risk retention group or producer shall solicit or sell insurance if the risk retention group is in a hazardous financial condition or is financially impaired. (P.A. 87-1…

Sec. 38a-257. (Formerly Sec. 38-537). Solicitation or sale of insurance only to persons eligible for group membership. No risk retention group, purchasing group or producer shall solicit or sell insurance to any person who is not eligible for membership in such group. (P.A. 87-13…

Sec. 38a-258. (Formerly Sec. 38-538). Insurance company membership in risk retention group limited. No risk retention group shall be allowed to do business in this state if an insurance company is directly or indirectly a member or owner of such risk retention group, other than i…

Sec. 38a-259. (Formerly Sec. 38-539). Insurance insolvency guaranty funds not applicable to risk retention groups. No risk retention group shall be permitted to join or contribute financially to any insurance insolvency guaranty fund, or similar mechanism, in this state, nor shal…

Sec. 38a-260. (Formerly Sec. 38-540). Applicability of insurance laws to purchasing groups. Certain disclosures required. When. Each purchasing group meeting the criteria established under the provisions of the Liability Risk Retention Act of 1986 shall be exempt from any law of …

Sec. 38a-261. (Formerly Sec. 38-541). Purchasing group to furnish notice to Insurance Commissioner. A purchasing group that intends to do business in this state shall furnish notice to the Insurance Commissioner that shall: (1) Identify the state in which the group is domiciled; …

Sec. 38a-262. (Formerly Sec. 38-542). Authority of Insurance Commissioner. The Insurance Commissioner is authorized to make use of any of the powers established under this title to enforce the laws of this state so long as those powers are not specifically preempted by the Produc…

Sec. 38a-263. (Formerly Sec. 38-543). License required for producers. Any person acting, or offering to act, as a producer for a risk retention group or purchasing group that solicits members, sells insurance coverage, purchases coverage for its members located within the state o…

Sec. 38a-264. (Formerly Sec. 38-544). Penalties for violations of chapter. A risk retention group that violates any provision of sections 38a-250 to 38a-266, inclusive, shall be subject to fines and penalties applicable to licensed insurers generally, including revocation of its …

Sec. 38a-265. (Formerly Sec. 38-545). Federal injunctions enforceable in state courts. An order issued by a district court of the United States enjoining a risk retention group from soliciting or selling insurance or operating, in any state, or in all states or in any territory o…

Sec. 38a-266. (Formerly Sec. 38-546). Regulations by Insurance Commissioner. The commissioner may adopt regulations, in accordance with the provisions of chapter 54, relating to risk retention groups as may be necessary to carry out the provisions of sections 38a-250 to 38a-265, …