Connecticut § 38a-84 (Formerly Sec. 38-47). Securities to be delivered to receiver.

Connecticut Statutes

§ 38a-84 — (Formerly Sec. 38-47). Securities to be delivered to receiver.

Connecticut § 38a-84

Title 38aInsurance

Ch. 698Insurers

This text of Connecticut § 38a-84 ((Formerly Sec. 38-47). Securities to be delivered to receiver.) 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-84 (2026).

Text

Whenever a receiver is appointed in this state of any insurance company which has deposited securities with the State Treasurer in trust for the policyholders of such company, the court to which such receiver is accountable shall, after finding that such receiver has qualified, authorize such receiver to receive the securities so deposited; and the State Treasurer, when tendered by such receiver a certified copy of the order authorizing such receiver to receive such securities, shall transfer and deliver such securities to such receiver; and such receiver shall administer the trust fund invested in such securities for the benefit of the policyholders of such company under the orders of the court to which such receiver is accountable.

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Whenever a receiver is appointed in this state of any insurance company which has deposited securities with the State Treasurer in trust for the policyholders of such company, the court to which such receiver is accountable shall, after finding that such receiver has qualified, authorize such receiver to receive the securities so deposited; and the State Treasurer, when tendered by such receiver a certified copy of the order authorizing such receiver to receive such securities, shall transfer and deliver such securities to such receiver; and such receiver shall administer the trust fund invested in such securities for the benefit of the policyholders of such company under the orders of the court to which such receiver is accountable.

Legislative History

(1949 Rev., S. 6050.) History: Sec. 38-47 transferred to Sec. 38a-84 in 1991. Annotation to former section 38-47: Disposition of income received after securities delivered to receiver. 78 C. 442.