Title 38a — Title 38a: Insurance

Secs. 38a-641 to 38a-644. Reserved for future use.

Sec. 38a-645. (Formerly Sec. 38-249). Applicability. The provisions of sections 38a-645 to 38a-658, inclusive, shall apply to all life insurance and all accident and health insurance sold in connection with loans or other credit transactions except that sections 38a-647 to 38a-65…

Sec. 38a-646. (Formerly Sec. 38-250). Definitions. As used in sections 38a-645 to 38a-658, inclusive, except as otherwise provided herein: (1) “Credit life insurance” means insurance on the life of a debtor pursuant to or in connection with a specific loan or other credit transac…

Sec. 38a-647. (Formerly Sec. 38-251). Forms of insurance. Credit life insurance and credit accident and health insurance shall be issued only in the following forms: (a) Individual policies of life insurance issued to debtors on the term plan; (b) individual policies of accident …

Sec. 38a-648. (Formerly Sec. 38-252). Allowable amount of insurance. (a) The amount of credit life insurance shall not exceed the initial indebtedness. Where an indebtedness repayable in substantially equal installments is secured by an individual policy of credit life insurance,…

Sec. 38a-649. (Formerly Sec. 38-253). Term of insurance. The term of any credit life insurance or credit accident and health insurance shall, subject to the acceptance of the insurer, commence on the date when the debtor becomes obligated to the creditor, except that, where a gro…

Sec. 38a-650. (Formerly 38-254). Policy or certificate requirements. (a) All credit life insurance and credit accident and health insurance sold shall be evidenced by an individual policy or, in the case of group insurance, by a certificate of insurance, which individual policy o…

Sec. 38a-651. (Formerly Sec. 38-255). Filing of policies, certificates, riders with commissioner. Disapproval. (a) All policies, certificates of insurance, notices of proposed insurance, applications for insurance, endorsements and riders delivered in this state shall be filed wi…

Sec. 38a-652. (Formerly Sec. 38-256). Filing of rates. (a) Each insurer issuing credit life insurance or credit accident and health insurance shall file with the commissioner its schedules of premium rates for use in connection with such insurance. Any insurer may revise such sch…

Sec. 38a-653. (Formerly Sec. 38-257). Policies to be delivered or issued only by authorized insurers. All policies of credit life insurance and credit accident and health insurance shall be delivered or issued for delivery in this state only by an insurer authorized to do insuran…

Sec. 38a-654. (Formerly Sec. 38-258). Processing of claims. (a) All claims shall be promptly reported to the insurer or its designated claim representative, and the insurer shall maintain adequate claim files. All claims shall be settled as soon as reasonably possible and in acco…

Sec. 38a-655. (Formerly Sec. 38-259). Option of debtor in furnishing insurance. When credit life insurance or credit accident and health insurance is required as additional security for any indebtedness, the debtor shall, upon request to the creditor, have the option of furnishin…

Sec. 38a-656. (Formerly Sec. 38-260). Regulations. Enforcement. The commissioner may issue such regulations as are necessary for the implementation of sections 38a-645 to 38a-658, inclusive. Whenever the commissioner finds that there has been a violation of said sections or of an…

Sec. 38a-657. (Formerly Sec. 38-261). Appeals. Any party aggrieved by an order or decision of the commissioner may appeal therefrom in accordance with the provisions of section 4-183, except venue for such appeal shall be in the judicial district of New Britain. (1959, P.A. 576, …

Sec. 38a-658. (Formerly Sec. 38-262). Penalty. Any person, firm or corporation violating any provision of sections 38a-645 to 38a-658, inclusive, shall be fined not more than three thousand five hundred dollars or imprisoned not more than two years, or both. The commissioner may …

Sec. 38a-659. Reserved for future use.

Sec. 38a-660. Bail bond insurance and agents. Licensing. Appointment. Examinations. Fees. Automatic expiration for nonpayment. Notice. (a) As used in this section and sections 38a-660a to 38a-660m, inclusive: (1) “Build-up funds” means a percentage of the premium received by a su…

Sec. 38a-660a. Notice to courts and police departments of licensees. The Insurance Commissioner shall furnish to all courts and to all organized police departments in the state, the names, principal business addresses and telephone numbers of all persons licensed as surety bail b…

Sec. 38a-660b. Premium rates. (a) No surety bail bond agent shall execute a bail bond without charging the premium rate approved by the commissioner pursuant to chapter 701. (b) Not later than the tenth day of each month, each surety bail bond agent shall certify to the commissio…

Sec. 38a-660c. Premium financing arrangement. (a) A surety bail bond agent may enter into a premium financing arrangement with a principal or any indemnitor in which such agent extends credit to such principal or indemnitor. (b) If a surety bail bond agent enters into a premium f…

Sec. 38a-660d. Fiduciary duty. Record-keeping. Penalty. (a) All premiums, including any part of a premium that a surety bail bond agent is obligated to return to a principal or indemnitor, and other funds belonging to insurers or others that are received by a surety bail bond age…

Sec. 38a-660e. Records of bail bonds. Each surety bail bond agent shall maintain all records of surety bail bonds executed or countersigned by such agent for at least three years after the liability of the insurer has been terminated. Such records shall be open at all times to ex…

Sec. 38a-660f. Build-up funds. (a) A surety bail bond agent or a managing general agent shall post build-up funds with an insurer or managing general agent pursuant to the surety bail bond agent's contract with the insurer or managing general agent or the managing general agent's…

Sec. 38a-660g. Collateral security or other indemnity on a bail bond. (a) A surety bail bond agent may receive collateral security or other indemnity on a bail bond. (b) A surety bail bond agent who receives collateral security or other indemnity on a bail bond shall comply with …

Sec. 38a-660h. Return of collateral security or other indemnity. Penalty. (a) If collateral security or other indemnity was received on a bail bond by a surety bail bond agent and such bond is terminated, the insurer, managing general agent or surety bail bond agent shall return …

Sec. 38a-660i. Provision of certain supplies to person other than licensed, appointed surety bail bond agent prohibited. Exception. Liability. (a) No insurer, managing general agent or surety bail bond agent shall furnish to any person any blank form, application, stationery, bus…

Sec. 38a-660j. Prohibited acts. (a) No surety bail bond agent or insurer shall: (1) Suggest or advise, in exchange for a fee or other consideration, the employment of or name for employment of any particular attorney to represent the principal on a bail bond; (2) Solicit business…

Sec. 38a-660k. Reporting requirements. Annual meeting. (a) Each insurer and each surety bail bond agent that executes bail bonds in this state shall maintain and transmit the following records, based on such insurer's or such agent's Connecticut bail bond business, to the Insuran…

Sec. 38a-660l. Suspension or revocation of license. Fine. Appeal. (a) The commissioner may suspend or revoke the license of a surety bail bond agent, or may impose a fine in lieu of or in addition to such suspension or revocation in accordance with section 38a-774 for any violati…

Sec. 38a-660m. Regulations. The commissioner may adopt regulations, in accordance with the provisions of chapter 54, to (1) implement the provisions of section 38a-660 and sections 38a-660b to 38a-660k, inclusive, and (2) establish continuing education requirements for persons li…

Secs. 38a-661 and 38a-662. Reserved for future use.

Sec. 38a-663. (Formerly Sec. 38-201a). Definitions. The following words and phrases, as used in sections 38a-663 to 38a-696, inclusive, shall have the following meanings unless the context otherwise requires: (1) “Rating organization” means an individual, partnership, corporation…

Sec. 38a-664. (Formerly Sec. 38-201b). Insurance excepted from regulation. The provisions of sections 38a-663 to 38a-681, inclusive, shall apply to all insurance on risks or on operations in this state, except: (1) Reinsurance, other than joint reinsurance to the extent stated in…

Sec. 38a-665. (Formerly Sec. 38-201c). Standards for the making and use of rates re commercial risk insurance. The following standards, methods and criteria shall apply to the making and use of rates pertaining to commercial risk insurance: (a) Rates shall not be excessive or ina…

Sec. 38a-666. (Formerly Sec. 38-201d). Permitted concerted action by insurers. Subject to and in compliance with the provisions of sections 38a-663 to 38a-681, inclusive, authorizing insurers to be members or subscribers of rating or advisory organizations or to engage in joint u…

Sec. 38a-667. (Formerly Sec. 38-201e). Insurers having common ownership or management. With respect to any matters pertaining to the making of rates or rating systems, the preparation or making of insurance policies or bond forms, underwriting rules, surveys, inspections and inve…

Sec. 38a-668. (Formerly Sec. 38-201f). Use of information of rating or advisory organizations. Members and subscribers of rating or advisory organizations may use the rates, rating systems, underwriting rules or policy or bond form of such organizations, either consistently or in…

Sec. 38a-669. (Formerly Sec. 38-201g). Exchange of information re rate-making and rating systems. The Insurance Commissioner and every admitted insurer, rating organization, advisory organization or statistical agency may exchange information and experience data with insurance su…

Sec. 38a-670. (Formerly Sec. 38-201h). Agreements to insure uninsurable applicants. Approval. Revocation. (a) Agreements may be made among admitted insurers with respect to the equitable apportionment among them of casualty insurance which may be afforded applicants who are in go…

Sec. 38a-671. (Formerly Sec. 38-201i). Compliance with law prerequisite to operation. Insurer not to subscribe to noncomplying organization. Upon compliance with the provisions of sections 38a-663 to 38a-681, inclusive, applicable thereto, any rating organization, advisory organi…

Sec. 38a-672. (Formerly Sec. 38-201j). License required for rating organizations. Qualifications. Examination and investigation. (a) No rating organization shall conduct its operations in this state without first filing with the Insurance Commissioner a written application for an…

Sec. 38a-673. (Formerly Sec. 38-201k). Advisory organizations. (a) No advisory organization shall conduct its operations in this state unless and until it has filed with the Insurance Commissioner (1) a copy of its constitution, articles of incorporation, agreement or association…

Sec. 38a-674. (Formerly Sec. 38-201l). Joint underwriting or joint reinsurance. (a) Every group, association or other organization of insurers which engages in joint underwriting or joint reinsurance through such group, association or organization or by standing agreement among t…

Sec. 38a-675. (Formerly Sec. 38-201m). Records and information to be maintained. Approval of rules and statistical plans re loss and expense experience. (a) Every insurer, rating organization or advisory organization and every group, association or other organization of insurers …

Sec. 38a-676. (Formerly Sec. 38-201n). Review of classifications, rules, rates and form of commercial risk insurance contracts and portable electronics insurance. Waiting period for workers' compensation and employers' liability insurance. Prior rate approval and hearing re medic…

Sec. 38a-676a. Review of professional liability rates for physicians and surgeons, hospitals, advanced practice registered nurses and physician assistants. Working group. Recommendations. (a) Not earlier than October 1, 2008, the Insurance Commissioner shall review professional l…

Sec. 38a-677. (Formerly Sec. 38-201o). Examinations. (a) The Insurance Commissioner shall, at least once every five years, and may as often as may be reasonable and necessary, make or cause to be made an examination of each licensed rating organization, and he may, as often as ma…

Sec. 38a-678. (Formerly Sec. 38-201p). Complaint and hearing. Practices prohibited. Suspension and revocation of certificate of authority or license. Appeals. (a) Any person aggrieved by any rate charged, rating plan, rating system, or underwriting rule followed or adopted by an …

Sec. 38a-679. (Formerly Sec. 38-201q). Withholding or giving of false or misleading information. No person, insurer or organization shall wilfully withhold information from, or knowingly give false or misleading information to the Insurance Commissioner or to any rating organizat…

Sec. 38a-680. (Formerly Sec. 38-201r). Penalties. Any person, insurer, organization, group or association that fails to comply with the final order of the Insurance Commissioner pursuant to sections 38a-663 to 38a-696, inclusive, shall be fined not more than two thousand dollars,…