Connecticut Statutes
§ 38a-102e — Loan or investment prohibition.
No domestic insurer shall make any loan or investment, other than a life insurance policy loan secured by its policies in an amount not exceeding the net reserve value thereof, unless authorized or approved by its board of directors or a committee thereof responsible for supervising or making such loan or investment or by committees or persons pursuant to a delegation of authority. The terms and limitations of any delegation of authority by the board of directors or any committee shall be by its actions which are duly recorded.
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Connecticut § 38a-102e (Loan or investment prohibition.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(P.A. 91-262, S. 6, 19.)
Nearby Sections
15
§ 38a-1000
Applicability.§ 38a-1001
Definitions.§ 38a-1005
Examination of group. Costs.§ 38a-1006
Group board of trustees.§ 38a-1011
Taxes.