Sec. 38a-259. (Formerly Sec. 38-539). Insurance insolvency guaranty funds not applicable to risk retention groups. - Connecticut Statutes

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Statutes > Connecticut > Title38a > Chap698c > Sec38a-259

      Sec. 38a-259. (Formerly Sec. 38-539). Insurance insolvency guaranty funds not applicable to risk retention groups. No risk retention group shall be permitted to join or contribute financially to any insurance insolvency guaranty fund, or similar mechanism, in this state, nor shall any risk retention group, or its insureds, receive any benefit from any such fund for claims arising out of the operations of such risk retention group.

      (P.A. 87-135, S. 10, 18.)

      History: Sec. 38-539 transferred to Sec. 38a-259 in 1991.

State Codes and Statutes

Statutes > Connecticut > Title38a > Chap698c > Sec38a-259

      Sec. 38a-259. (Formerly Sec. 38-539). Insurance insolvency guaranty funds not applicable to risk retention groups. No risk retention group shall be permitted to join or contribute financially to any insurance insolvency guaranty fund, or similar mechanism, in this state, nor shall any risk retention group, or its insureds, receive any benefit from any such fund for claims arising out of the operations of such risk retention group.

      (P.A. 87-135, S. 10, 18.)

      History: Sec. 38-539 transferred to Sec. 38a-259 in 1991.

State Codes and Statutes

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State Codes and Statutes

Statutes > Connecticut > Title38a > Chap698c > Sec38a-259

      Sec. 38a-259. (Formerly Sec. 38-539). Insurance insolvency guaranty funds not applicable to risk retention groups. No risk retention group shall be permitted to join or contribute financially to any insurance insolvency guaranty fund, or similar mechanism, in this state, nor shall any risk retention group, or its insureds, receive any benefit from any such fund for claims arising out of the operations of such risk retention group.

      (P.A. 87-135, S. 10, 18.)

      History: Sec. 38-539 transferred to Sec. 38a-259 in 1991.