Connecticut General Statutes 38a-465q – Related provider trusts
Current as of: 2023 | Check for updates
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A related provider trust shall have a written agreement with the licensed provider under which the licensed provider is responsible for ensuring compliance with all statutory and regulatory requirements and under which the trust agrees to make all records and files related to life settlement transactions available to the commissioner as if those records and files were maintained directly by the licensed provider.
Terms Used In Connecticut General Statutes 38a-465q
- Commissioner: means the Insurance Commissioner. See Connecticut General Statutes 38a-1
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.