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 or renewed by surplus lines insurers.
Each insurance policy issued or renewed on or after January 1, 2015, 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 OR SUBJECT TO REVIEW BY THE CONNECTICUT INSURANCE DEPARTMENT. IT IS IMPORTANT THAT YOU READ AND UNDERSTAND THIS POLICY.
(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; P.A. 14-175, S. 6.)
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; P.A. 14-175 added provisions making section applicable to policy renewed on or after January 1, 2015, and amending notice required to appear on cover of policy, effective January 1, 2015.
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Sections 38a-750 to 38a-759, inclusive, are repealed.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 to direct or cause to be directed, the management, control or activities of the reinsurance intermediary;
(3) "Insurer" means any person, firm, association or corporation duly licensed in this state pursuant to section 38a-41;
(4) "Licensed producer" means an agent or broker licensed pursuant to sections 38a-769 to 38a-800, inclusive, or licensed as a reinsurance intermediary pursuant to section 38a-760b;
(5) "Reinsurance intermediary" means a reinsurance intermediary-broker or a reinsurance intermediary-manager as these terms are defined in subdivisions (6) and