Connecticut § 38a-58b Definitions.

Connecticut Statutes

§ 38a-58b — Definitions.

Connecticut § 38a-58b

Title 38aInsurance

Ch. 698Insurers

This text of Connecticut § 38a-58b (Definitions.) 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-58b (2026).

Text

As used in this section and sections 38a-58c to 38a-58g, inclusive:

(1)“Alien insurer” has the same meaning as provided in section 38a-1 ;

(2)“Authorized control level risk-based capital” means the number determined in accordance with the risk-based capital formula set forth in subsection (d) of section 38a-72 and regulations adopted thereunder;

(3)“Commissioner” means the Insurance Commissioner;

(4)“Domestic insurer” has the same meaning as provided in section 38a-1 ;

(5)“Domestication” or “domesticate” means the reorganization of a United States branch of an alien insurer, in which a domestic insurer succeeds to all the business and assets and assumes all the liabilities of the United States branch;

(6)“State” has the same meaning as provided in section 38a-1 ;

(7)“Trusteed assets

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

As used in this section and sections 38a-58c to 38a-58g, inclusive: (1) “Alien insurer” has the same meaning as provided in section 38a-1 ; (2) “Authorized control level risk-based capital” means the number determined in accordance with the risk-based capital formula set forth in subsection (d) of section 38a-72 and regulations adopted thereunder; (3) “Commissioner” means the Insurance Commissioner; (4) “Domestic insurer” has the same meaning as provided in section 38a-1 ; (5) “Domestication” or “domesticate” means the reorganization of a United States branch of an alien insurer, in which a domestic insurer succeeds to all the business and assets and assumes all the liabilities of the United States branch; (6) “State” has the same meaning as provided in section 38a-1 ; (7) “Trusteed assets” means the assets in a trust account established pursuant to section 38a-58d ; (8) “Trusteed surplus” means the aggregate value of the United States branch's general state deposits and trusteed assets deposited in a trust account established pursuant to section 38a-58d plus accrued investment income on such deposits and assets where such interest is collected for trustees by the state, less the aggregate net amount of all of the United States branch's reserves and other liabilities in the United States as determined in accordance with section 38a-58e ; (9) “United States” has the same meaning as provided in section 38a-1 ; (10) “United States branch” means the business unit in this state through which an alien insurer transacts the business of insurance in the United States.