§ 38a-250 Definitions
§ 38a-251 Licensure of risk retention groups chartered in this state. Submission of plan of operation or feasibility study. Information with application filing
§ 38a-251a Governance standards. Audit committee. Examination
§ 38a-252 Requirements for risk retention groups chartered outside the state
§ 38a-253 Submission of information to Insurance Commissioner by risk retention groups not domiciled in this state. Financial examination
§ 38a-254 Premiums subject to taxation
§ 38a-255 Notice on insurance applications from and policies issued by risk retention group
§ 38a-256 Solicitation or sale of insurance prohibited if financially impaired
§ 38a-257 Solicitation or sale of insurance only to persons eligible for group membership
§ 38a-258 Insurance company membership in risk retention group limited
§ 38a-259 Insurance insolvency guaranty funds not applicable to risk retention groups
§ 38a-260 Applicability of insurance laws to purchasing groups. Certain disclosures required. When
§ 38a-261 Purchasing group to furnish notice to Insurance Commissioner
§ 38a-262 Authority of Insurance Commissioner
§ 38a-263 License required for producers
§ 38a-264 Penalties for violations of chapter
§ 38a-265 Federal injunctions enforceable in state courts
§ 38a-266 Regulations by Insurance Commissioner

Terms Used In Connecticut General Statutes > Chapter 698c - Risk Retention Groups

  • another: may extend and be applied to communities, companies, corporations, public or private, limited liability companies, societies and associations. See Connecticut General Statutes 1-1
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
  • Commissioner: means the Insurance Commissioner. See Connecticut General Statutes 38a-1
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • 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
  • insurance company: includes any person or combination of persons doing any kind or form of insurance business other than a fraternal benefit society, and shall include a receiver of any insurer when the context reasonably permits. See Connecticut General Statutes 38a-1
  • Insured: means a person to whom or for whose benefit an insurer makes a promise in an insurance policy. See Connecticut General Statutes 38a-1
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Person: means an individual, a corporation, a partnership, a limited liability company, an association, a joint stock company, a business trust, an unincorporated organization or other legal entity. See Connecticut General Statutes 38a-1
  • Policy: means any document, including attached endorsements and riders, purporting to be an enforceable contract, which memorializes in writing some or all of the terms of an insurance contract. See Connecticut General Statutes 38a-1
  • State: means any state, district, or territory of the United States. See Connecticut General Statutes 38a-1
  • United States: means the United States of America, its territories and possessions, the Commonwealth of Puerto Rico and the District of Columbia. See Connecticut General Statutes 38a-1
  • Venue: The geographical location in which a case is tried.