Connecticut Statutes
§ 36a-833 — Errors and omissions insurance policy; cash or securities deposit; letters of credit.
An exchange facilitator at all times shall:
(1)Maintain an errors and omissions policy of insurance in an amount not less than two hundred fifty thousand dollars executed by an insurer authorized to do business in this state; or (2) deposit an amount of cash or securities or provide irrevocable letters of credit in an amount not less than two hundred fifty thousand dollars.
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Connecticut § 36a-833 (Errors and omissions insurance policy; cash or securities deposit; letters of credit.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(P.A. 13-135, S. 8; 13-253, S. 28.) History: P.A. 13-253 made a technical change.
Nearby Sections
15
§ 36a-101
Oath or affirmation by directors.§ 36a-110
Dividends.