Connecticut § 38a-839 (Formerly Sec. 38-276). Connecticut Insurance Guaranty Association created. Membership. Function. Accounts.

Connecticut Statutes

§ 38a-839 — (Formerly Sec. 38-276). Connecticut Insurance Guaranty Association created. Membership. Function. Accounts.

Connecticut·Title 38a Insurance·Ch. 704a Insurance Guaranty Funds

There is created a nonprofit unincorporated legal entity to be known as the Connecticut Insurance Guaranty Association. All insurers defined as member insurers in section 38a-838 shall be members of said association as a condition of their authority to transact insurance in this state. Said association shall perform its functions under a plan of operation established and approved under section 38a-842 and shall exercise its powers through a board of directors established under section 38a-840. For the purposes of administration and assessment, said association shall be divided into three separate accounts:

(1)The workers' compensation insurance account;

(2)the automobile insurance account; and (3) an account for all other insurance to which sections 38a-836 to 38a-853, inclusive, apply.

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There is created a nonprofit unincorporated legal entity to be known as the Connecticut Insurance Guaranty Association. All insurers defined as member insurers in section 38a-838 shall be members of said association as a condition of their authority to transact insurance in this state. Said association shall perform its functions under a plan of operation established and approved under section 38a-842 and shall exercise its powers through a board of directors established under section 38a-840. For the purposes of administration and assessment, said association shall be divided into three separate accounts: (1) The workers' compensation insurance account; (2) the automobile insurance account; and (3) an account for all other insurance to which sections 38a-836 to 38a-853, inclusive, apply.

Connecticut § 38a-839 ((Formerly Sec. 38-276). Connecticut Insurance Guaranty Association created. Membership. Function. Accounts.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(1971, P.A. 466, S. 4; P.A. 79-376, S. 63; P.A. 87-290, S. 2, 8; P.A. 10-5, S. 38; P.A. 11-19, S. 17.) History: P.A. 79-376 substituted “workers' compensation” for “workmen's compensation”; P.A. 87-290 made a technical change, substituting reference to 38-275(8) for reference to Sec. 38-275(6); Sec. 38-276 transferred to Sec. 38a-839 in 1991; P.A. 10-5 made technical changes, effective May 5, 2010; P.A. 11-19 made a technical change. Annotation to former section 38-276: Cited. 215 C. 224. Annotation to present section: Cited. 217 C. 371.