Title 38a, Title 38a: Insurance

Sec. 38a-954. (Formerly Sec. 38-472). Domiciliary liquidators in other states. (a) The domiciliary liquidator of an insurer domiciled in a reciprocal state shall, except as to special deposits and security on secured claims pursuant to subsection (c) of section 38a-955, be vested…

Sec. 38a-955. (Formerly Sec. 38-473). Ancillary formal proceedings. (a) If a domiciliary liquidator has been appointed for an insurer not domiciled in this state, the commissioner may file a petition with the Superior Court requesting appointment as ancillary receiver in this sta…

Sec. 38a-956. (Formerly Sec. 38-474). Ancillary summary proceedings. The commissioner in his sole discretion may institute proceedings pursuant to sections 38a-911 to 38a-913, inclusive, at the request of the commissioner or other appropriate insurance official of the domiciliary…

Sec. 38a-957. (Formerly Sec. 38-475). Claims of nonresidents against insurers domiciled in this state. (a) In a liquidation proceeding begun in this state against an insurer domiciled in this state, claimants residing in foreign countries or in states not reciprocal states shall …

Sec. 38a-958. (Formerly Sec. 38-476). Commissioner as ancillary receiver for insurers not domiciled in this state. (a) Promptly after the appointment of the commissioner as ancillary receiver for an insurer not domiciled in this state, the commissioner shall determine whether the…

Sec. 38a-959. (Formerly Sec. 38-477). Attachment, garnishment or levy of execution not to be commenced. During the pendency in this or any other state of a liquidation proceeding, whether called by that name or not, no action or proceeding in the nature of an attachment, garnishm…

Sec. 38a-960. (Formerly Sec. 38-478). Interstate priorities. (a) In a liquidation proceeding in this state involving one or more reciprocal states, the order of distribution of the domiciliary state shall control as to all claims of residents of this and reciprocal states. All cl…

Sec. 38a-961. (Formerly Sec. 38-479). Subordination of claims for noncooperation. If an ancillary receiver in another state or foreign country, whether called by that name or not, fails to transfer to the domiciliary liquidator in this state any assets within his control other th…

Sec. 38a-962. Definitions. As used in sections 38a-129, 38a-140 and 38a-962 to 38a-962j, inclusive: (1) “Insurer” means and includes every person engaged as indemnitor, surety or contractor in the business of entering into contracts of insurance or of annuities as limited to: (A)…

Sec. 38a-962a. Applicability. The provisions of sections 38a-129, 38a-140 and 38a-962 to 38a-962j, inclusive, shall apply to: (1) All domestic insurers, and (2) any other insurer doing business in this state whose state of domicile has asked the commissioner to apply the provisio…

Sec. 38a-962b. Administrative supervision by the commissioner. (a) An insurer may be subject to administrative supervision by the commissioner if upon examination or at any other time it appears in the commissioner's discretion that: (1) The insurer's condition renders the contin…

Sec. 38a-962c. Confidentiality of proceedings, hearings, records, reports and correspondence. Exception. (a) Notwithstanding any other provision of law and except as set forth in this section, proceedings, hearings, notices, correspondence, reports, records and other information …

Sec. 38a-962d. Prohibited activities during supervision. Prior approval. During the period of supervision, the commissioner or his designated appointees shall serve as the administrative supervisor. The commissioner may determine that the insurer may not do any of the following d…

Sec. 38a-962e. Contested action. Appeal. During the period of supervision the insurer may contest any action taken or proposed to be taken by the supervisor specifying the manner wherein the action being complained of would not result in improving the condition of the insurer. De…

Sec. 38a-962f. Judicial or other delinquency proceedings. Nothing contained in sections 38a-129, 38a-140 and 38a-962 to 38a-962j, inclusive, shall preclude the commissioner from initiating judicial proceedings to place an insurer in conservation, rehabilitation or liquidation pro…

Sec. 38a-962g. Regulations. The commissioner may adopt regulations in accordance with the provisions of chapter 54 to implement sections 38a-129, 38a-140 and 38a-962 to 38a-962j, inclusive. (P.A. 92-93, S. 39.)

Sec. 38a-962h. Supervision proceeding: Contact with commissioner allowed. Notwithstanding any other provision of law, the commissioner may meet with a supervisor appointed under sections 38a-129, 38a-140 and 38a-962 to 38a-962j, inclusive, and with the attorney or other represent…

Sec. 38a-962i. Immunity from liability. There shall be no liability on the part of, and no cause of action shall arise against, the commissioner or the department or its employees or agents for any action taken by them in the performance of their powers and duties under sections …

Sec. 38a-962j. Right of recovery. (a) If an order for liquidation of a domestic insurance company has been entered, the receiver appointed under such order shall have a right to recover on behalf of the insurance company, (1) from any parent corporation or holding company or pers…

Secs. 38a-963 to 38a-965. Reserved for future use. PART II TERMINATION OF DOMESTIC LIFE INSURANCE COMPANIES

Secs. 38a-966 to 38a-970. (Formerly Secs. 38-136 to 38-140). Assets to vest in commissioner on repeal of charter. Powers and duties of commissioner. Limitation of time for presentation of claims. Valuation of policies in force. Application of assets. Sections 38a-966 to 38a-970, …