Sec. 38a-825. (Formerly Sec. 38-59). Premium rebate or other special favor. - Connecticut Statutes

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Statutes > Connecticut > Title38a > Chap704 > Sec38a-825

      Sec. 38a-825. (Formerly Sec. 38-59). Premium rebate or other special favor. No insurance company doing business in this state, or attorney, producer or any other person shall pay or allow, or offer to pay or allow, as inducement to insurance, any rebate of premium payable on the policy, or any special favor or advantage in the dividends or other benefits to accrue thereon, or any valuable consideration or inducement not specified in the policy of insurance. No person shall receive or accept from any company, or attorney, producer or any other person, as inducement to insurance, any such rebate of premium payable on the policy, or any special favor or advantage in the dividends or other benefit to accrue thereon, or any valuable consideration or inducement not specified in the policy of insurance. No person shall be excused from testifying or from producing any books, papers, contracts, agreements or documents, at the trial of any other person charged with the violation of any provision of this section or of section 38a-446, on the ground that such testimony or evidence may tend to incriminate him, but no person shall be prosecuted for any act concerning which he is compelled to so testify or produce documentary or other evidence, except for perjury committed in so testifying.

      (1949 Rev., S. 6083; P.A. 96-193, S. 21, 36.)

      History: Sec. 38-59 transferred to Sec. 38a-825 in 1991; P.A. 96-193 substituted "producer" for "agent, subagent or broker", effective June 3, 1996.

      See Sec. 38a-816 re unfair practices.

      Annotation to former section 38-59:

      Claim that act which permitted filing of rating plan in which individual insurer's judgment as to expense provisions or hazards of a particular risk may reflect cost of providing coverage and, in turn, the amount of the premium, amounts to rebating, held invalid. 153 C. 465, 477.

State Codes and Statutes

Statutes > Connecticut > Title38a > Chap704 > Sec38a-825

      Sec. 38a-825. (Formerly Sec. 38-59). Premium rebate or other special favor. No insurance company doing business in this state, or attorney, producer or any other person shall pay or allow, or offer to pay or allow, as inducement to insurance, any rebate of premium payable on the policy, or any special favor or advantage in the dividends or other benefits to accrue thereon, or any valuable consideration or inducement not specified in the policy of insurance. No person shall receive or accept from any company, or attorney, producer or any other person, as inducement to insurance, any such rebate of premium payable on the policy, or any special favor or advantage in the dividends or other benefit to accrue thereon, or any valuable consideration or inducement not specified in the policy of insurance. No person shall be excused from testifying or from producing any books, papers, contracts, agreements or documents, at the trial of any other person charged with the violation of any provision of this section or of section 38a-446, on the ground that such testimony or evidence may tend to incriminate him, but no person shall be prosecuted for any act concerning which he is compelled to so testify or produce documentary or other evidence, except for perjury committed in so testifying.

      (1949 Rev., S. 6083; P.A. 96-193, S. 21, 36.)

      History: Sec. 38-59 transferred to Sec. 38a-825 in 1991; P.A. 96-193 substituted "producer" for "agent, subagent or broker", effective June 3, 1996.

      See Sec. 38a-816 re unfair practices.

      Annotation to former section 38-59:

      Claim that act which permitted filing of rating plan in which individual insurer's judgment as to expense provisions or hazards of a particular risk may reflect cost of providing coverage and, in turn, the amount of the premium, amounts to rebating, held invalid. 153 C. 465, 477.

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State Codes and Statutes

Statutes > Connecticut > Title38a > Chap704 > Sec38a-825

      Sec. 38a-825. (Formerly Sec. 38-59). Premium rebate or other special favor. No insurance company doing business in this state, or attorney, producer or any other person shall pay or allow, or offer to pay or allow, as inducement to insurance, any rebate of premium payable on the policy, or any special favor or advantage in the dividends or other benefits to accrue thereon, or any valuable consideration or inducement not specified in the policy of insurance. No person shall receive or accept from any company, or attorney, producer or any other person, as inducement to insurance, any such rebate of premium payable on the policy, or any special favor or advantage in the dividends or other benefit to accrue thereon, or any valuable consideration or inducement not specified in the policy of insurance. No person shall be excused from testifying or from producing any books, papers, contracts, agreements or documents, at the trial of any other person charged with the violation of any provision of this section or of section 38a-446, on the ground that such testimony or evidence may tend to incriminate him, but no person shall be prosecuted for any act concerning which he is compelled to so testify or produce documentary or other evidence, except for perjury committed in so testifying.

      (1949 Rev., S. 6083; P.A. 96-193, S. 21, 36.)

      History: Sec. 38-59 transferred to Sec. 38a-825 in 1991; P.A. 96-193 substituted "producer" for "agent, subagent or broker", effective June 3, 1996.

      See Sec. 38a-816 re unfair practices.

      Annotation to former section 38-59:

      Claim that act which permitted filing of rating plan in which individual insurer's judgment as to expense provisions or hazards of a particular risk may reflect cost of providing coverage and, in turn, the amount of the premium, amounts to rebating, held invalid. 153 C. 465, 477.