38a-743 in 1991; P.A. 96-75 amended exception to add policies issued to special taxing districts, effective July 1, 1996, and applicable to payments due on or after that date; P.A. 01-113 amended Subsec. (a) to delete reference to Sec. 38a-795, effective September 1, 2002; P.A. 11-61 amended Subsec. (a) by adding provision re nonadmitted insurance, added Subsecs. (b) and (c) re payments by licensees for nonadmitted insurance, redesignated existing Subsec. (b) as Subsec. (d), added Subsec. (e) re construction of section, added Subsec. (f) re applicability, added Subsec. (g) re agreement to allocate nonadmitted insurance premiums taxes paid, and made technical changes, effective June 21, 2011, and applicable to nonadmitted insurance coverage procured, continued or renewed on or after July 1, 2011; P.A. 12-145 amended Subsecs. (a) and (b)(2) to delete references to Sec. 38a-777, effective June 15, 2012.
Cited. 208 C. 505.
Section 38a-744 - (Formerly Sec. 38-85). Liability of licensee.
Any licensee acting in conformance with sections 38a-741 to 38a-744, inclusive, and 38a-794 shall not be subject to personal liability as set forth in section 38a-714.
(1953, S. 2806d; P.A. 01-113, S. 36, 42; P.A. 12-145, S. 28.)
History: Sec. 38-85 transferred to Sec. 38a-744 in 1991; P.A. 01-113 deleted reference to Sec. 38a-795, effective September 1, 2002; P.A. 12-145 deleted reference to Sec. 38a-777, effective June 15, 2012.
Section 38a-745 - (Formerly Sec. 38-86a). Notice on policies issued by unauthorized issuers.
Each insurance policy issued pursuant to sections 38a-741 to 38a-744, inclusive, and 38a-794 by a surplus lines insurer shall bear on its cover, in not less than twelve-point boldface type in capital letters, the following:
NOTICE
THIS IS A SURPLUS LINES POLICY AND IS NOT PROTECTED BY THE CONNECTICUT INSURANCE GUARANTY ASSOCIATION.
(P.A. 87-175, S. 3, 4; P.A. 90-243, S. 37; P.A. 01-113, S. 37, 42; P.A. 08-129, S. 1; P.A. 12-145, S. 29.)
History: P.A. 90-243 made a technical correction; Sec. 38-86a transferred to Sec. 38a-745 in 1991; P.A. 01-113 deleted reference to Sec. 38a-795, effective September 1, 2002; P.A. 08-129 amended notice required to appear on cover of insurance policy issued by surplus lines insurers; P.A. 12-145 deleted reference to Sec. 38a-777, effective June 15, 2012.
Chapter 701e - (Insurance Administrators) Reinsurance Intermediary Act
Section 38a-750 to 38a-759 - (Formerly Secs. 38-92r and 38-92u to 38-92cc). Insurance administrators.
Sections 38a-750 to 38a-759, inclusive, are repealed.
(P.A. 88-298, S. 1, 2, 5-14; P.A. 90-243, S. 172; P.A. 91-29, S. 7, 8.)
Section 38a-760 - Short title: Reinsurance Intermediary Act.
Sections 38a-760 to 38a-760j, inclusive, may be cited as the "Reinsurance Intermediary Act".
(P.A. 92-112, S. 22, 35; P.A. 12-145, S. 33.)
History: P.A. 12-145 replaced reference to Sec. 38a-760i with reference to Sec. 38a-760j, effective June 15, 2012.
Section 38a-760a - Definitions.
As used in sections 38a-760 to 38a-760j, inclusive:
(1) "Actuary" means a person who is a member in good standing of the American Academy of Actuaries;
(2) "Controlling person" means any person, firm, association or corporation who directly or indirectly has the power