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

Connecticut Statutes

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

Connecticut·Title 38a Insurance·Ch. 700c Health Insurance

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.

Connecticut § 38a-580 ((Formerly Sec. 38-174ll). General surplus required.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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.