Connecticut § 38a-91 Definitions.

Connecticut Statutes

§ 38a-91 — Definitions.

Connecticut § 38a-91

Title 38aInsurance

Ch. 698Insurers

This text of Connecticut § 38a-91 (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-91 (2026).

Text

As used in sections 38a-91 to 38a-91d, inclusive:

(1)“Accredited state” means a state in which the insurance department or regulatory agency has qualified as meeting the minimum financial regulatory standards promulgated and established from time to time by the National Association of Insurance Commissioners.

(2)“Captive insurer” means an insurance company owned by another organization whose exclusive purpose is to insure risks of the parent organization and affiliated companies or, in the case of groups and associations, an insurance organization owned by the insureds whose exclusive purpose is to insure risks of member organizations and group members and their affiliates.

(3)“Control” or “controlled” has the meaning assigned in section 38a-129 .

(4)“Controlled insurer” means a licens

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

As used in sections 38a-91 to 38a-91d, inclusive: (1) “Accredited state” means a state in which the insurance department or regulatory agency has qualified as meeting the minimum financial regulatory standards promulgated and established from time to time by the National Association of Insurance Commissioners. (2) “Captive insurer” means an insurance company owned by another organization whose exclusive purpose is to insure risks of the parent organization and affiliated companies or, in the case of groups and associations, an insurance organization owned by the insureds whose exclusive purpose is to insure risks of member organizations and group members and their affiliates. (3) “Control” or “controlled” has the meaning assigned in section 38a-129 . (4) “Controlled insurer” means a licensed insurer which is controlled, directly or indirectly, by a producer. (5) “Controlling producer” means a producer who, directly or indirectly, controls an insurer. (6) “Licensed insurer” or “insurer” means any person, firm, association or corporation duly licensed pursuant to section 38a-41 to transact a property casualty insurance business in this state. The terms “licensed insurer” or “insurer” does not include any captive insurer except for a risk retention group, as defined in section 38a-91aa . (7) “Producer” has the same meaning as “insurance producer” as provided in section 38a-702a .

Legislative History

(P.A. 92-112, S. 8, 35; P.A. 96-193, S. 3, 36; P.A. 01-113, S. 23, 42; P.A. 14-6, S. 8; 14-122, S. 164.) History: P.A. 96-193 redefined “producer”, effective June 3, 1996; P.A. 01-113 amended definition of “producer” in Subdiv. (7) to make a technical change and substitute “section 38a-702a” for “section 38a-702”, effective September 1, 2002; P.A. 14-6 redefined “licensed insurer” in Subdiv. (6); P.A. 14-122 made technical changes in Subdiv. (7).