Connecticut § 38a-445 (Formerly Sec. 38-160). Deferring the granting of loans and surrender values.

Connecticut Statutes

§ 38a-445 — (Formerly Sec. 38-160). Deferring the granting of loans and surrender values.

Connecticut § 38a-445

Title 38aInsurance

Ch. 700bLife Insurance, Annuities, Burial Contracts and Life Settlements

This text of Connecticut § 38a-445 ((Formerly Sec. 38-160). Deferring the granting of loans and surrender values.) 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-445 (2026).

Text

No policy of life or endowment insurance shall be issued or delivered in this state unless it contains a provision that the company may, at its option, defer the granting of any loan other than to pay premiums on policies in the company, and may, at its option, defer the granting of any surrender value for a period which shall be stated in such provision and which shall be not less than sixty days from the date of the application for such loan or surrender value; provided a foreign or alien insurance company may issue in this state any policy containing provisions required by the laws of its own state or country respecting the deferring of loans or granting surrender values, and a domestic insurance company may issue in other states policies which contain provisions relating to the deferri

Free access — add to your briefcase to read the full text and ask questions with AI

No policy of life or endowment insurance shall be issued or delivered in this state unless it contains a provision that the company may, at its option, defer the granting of any loan other than to pay premiums on policies in the company, and may, at its option, defer the granting of any surrender value for a period which shall be stated in such provision and which shall be not less than sixty days from the date of the application for such loan or surrender value; provided a foreign or alien insurance company may issue in this state any policy containing provisions required by the laws of its own state or country respecting the deferring of loans or granting surrender values, and a domestic insurance company may issue in other states policies which contain provisions relating to the deferring of loans or granting surrender values required by the laws of such states.

Legislative History

(1949 Rev., S. 6169; P.A. 90-243, S. 64.) History: P.A. 90-243 substituted “foreign” for “nonresident” insurance companies and “alien” for “foreign” insurance companies; Sec. 38-160 transferred to Sec. 38a-445 in 1991.