State Codes and Statutes

Statutes > Connecticut > Title38a > Chap701e > Sec38a-760e

      Sec. 38a-760e. Prohibited practices of insurers. Annual statements of financial condition. (a) An insurer shall not engage the services of any person, firm, association or corporation to act as a reinsurance intermediary-broker on its behalf unless such person is licensed as required by section 38a-760b.

      (b) An insurer may not employ an individual who is employed by a reinsurance intermediary-broker with which it transacts business, unless such reinsurance intermediary-broker is under common control with the insurer and subject to the provisions of sections 38a-129 to 38a-140, inclusive.

      (c) The insurer shall annually obtain a copy of statements of the financial condition of each reinsurance intermediary-broker with which it transacts business.

      (P.A. 92-112, S. 27, 35.)