Connecticut § 38a-919 (Formerly Sec. 38-437). Grounds for liquidation.

Connecticut Statutes

§ 38a-919 — (Formerly Sec. 38-437). Grounds for liquidation.

Connecticut § 38a-919

Title 38aInsurance

Ch. 704cInsurers Rehabilitation and Liquidation Act and Termination of Domestic Life Insurance Companies

This text of Connecticut § 38a-919 ((Formerly Sec. 38-437). Grounds for liquidation.) 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-919 (2026).

Text

The commissioner may petition the Superior Court for an order directing him to liquidate a domestic insurer or an alien insurer domiciled in this state on the basis:

(a)Of any ground for an order of rehabilitation as specified in section 38a-914 , whether or not there has been a prior order directing the rehabilitation of the insurer;

(b)That the insurer is insolvent; or (c) That the insurer is in such condition that the further transaction of business would be hazardous, financially or otherwise, to its policyholders, its creditors or the public.

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The commissioner may petition the Superior Court for an order directing him to liquidate a domestic insurer or an alien insurer domiciled in this state on the basis: (a) Of any ground for an order of rehabilitation as specified in section 38a-914 , whether or not there has been a prior order directing the rehabilitation of the insurer; (b) That the insurer is insolvent; or (c) That the insurer is in such condition that the further transaction of business would be hazardous, financially or otherwise, to its policyholders, its creditors or the public.