Connecticut § 38a-406 Single risk limitation.

Connecticut Statutes

§ 38a-406 — Single risk limitation.

Connecticut § 38a-406

Title 38aInsurance

Ch. 700aTitle Insurance

This text of Connecticut § 38a-406 (Single risk limitation.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 38a-406 (2026).

Text

(a)The net retained liability of a title insurer for a single risk on property located in this state, whether assumed directly or as reinsurance, may not exceed fifty per cent of the sum of its total surplus to policyholders and reserve, less the value assigned to title plants, as shown in the most recent annual statement of the insurer on file in the office of the commissioner.

(b)The commissioner may waive the limitation of this section for a particular risk upon application of the insurer and for good cause shown.

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(a) The net retained liability of a title insurer for a single risk on property located in this state, whether assumed directly or as reinsurance, may not exceed fifty per cent of the sum of its total surplus to policyholders and reserve, less the value assigned to title plants, as shown in the most recent annual statement of the insurer on file in the office of the commissioner. (b) The commissioner may waive the limitation of this section for a particular risk upon application of the insurer and for good cause shown.