Connecticut General Statutes 38a-256 – Solicitation or sale of insurance prohibited if financially impaired
Current as of: 2023 | Check for updates
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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.
Terms Used In Connecticut General Statutes 38a-256
- Insurance: means any agreement to pay a sum of money, provide services or any other thing of value on the happening of a particular event or contingency or to provide indemnity for loss in respect to a specified subject by specified perils in return for a consideration. See Connecticut General Statutes 38a-1