Connecticut § 38a-580 (Formerly Sec. 38-174ll). General surplus required.

Connecticut Statutes

§ 38a-580 — (Formerly Sec. 38-174ll). General surplus required.

Connecticut § 38a-580

Title 38aInsurance

Ch. 700cHealth Insurance

This text of Connecticut § 38a-580 ((Formerly Sec. 38-174ll). General surplus required.) 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-580 (2026).

Text

The amount of a general surplus that a dental plan organization shall be required to maintain shall be seven hundred fifty thousand dollars or an amount equal to two per cent of premiums written, whichever is greater. For the purposes of this section, general surplus may be comprised of cash and such other instruments which, to the satisfaction of the commissioner, adequately protect the plan's subscribers.

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The amount of a general surplus that a dental plan organization shall be required to maintain shall be seven hundred fifty thousand dollars or an amount equal to two per cent of premiums written, whichever is greater. For the purposes of this section, general surplus may be comprised of cash and such other instruments which, to the satisfaction of the commissioner, adequately protect the plan's subscribers.

Legislative History

(P.A. 88-272, S. 4; P.A. 99-149.) History: Sec. 38-174 ll transferred to Sec. 38a-580 in 1991; P.A. 99-149 substituted $750,000 for $250,000 and substituted 2% for 33% re general surplus, and deleted “surety bonds” re composition of general surplus.