Connecticut General Statutes/Title 38a/Chapter 698c/Section 38a-256

CGS § 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.

Short History

(P.A. 87-135, S. 7, 18; P.A. 96-193, S. 5, 36.)

Long History

History: Sec. 38-536 transferred to Sec. 38a-256 in 1991; P.A. 96-193 substituted “producer” for “agent or broker”, effective June 3, 1996.

PreviousCGS § 38a-255. (Formerly Sec. 38-535). Notice on insurance applications from and policies issued by risk retention group.NextCGS § 38a-257. (Formerly Sec. 38-537). Solicitation or sale of insurance only to persons eligible for group membership.