Connecticut Statutes

§ 38a-924 — (Formerly Sec. 38-442). Notice to creditors and others. Requirements. Exceptions.

Connecticut·Title 38a Insurance·Ch. 704c Insurers Rehabilitation and Liquidation Act and Termination of Domestic Life Insurance Companies
(a)Unless the court otherwise directs, the liquidator shall give or cause to be given notice of the liquidation order as soon as possible:
(1)By first class mail and electronic communication to the Insurance Commissioner of each jurisdiction in which the insurer is doing business;
(2)by first class mail to any guaranty association which is or may become obligated as a result of the liquidation;
(3)by first class mail to all the insurer's agents, brokers or producers of record, with current appointments or current licenses to represent the insurer, and to all other agents, brokers or producers as the liquidator deems appropriate at their last-known address;
(4)by first class mail to all persons known or reasonably expected to have claims against the insurer, including all policyholders

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Connecticut § 38a-924 ((Formerly Sec. 38-442). Notice to creditors and others. Requirements. Exceptions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(P.A. 79-382, S. 22; P.A. 92-93, S. 17; P.A. 98-214, S. 14.) History: Sec. 38-442 transferred to Sec. 38a-924 in 1991; P.A. 92-93 inserted new Subsec. (c) re notice requirements and guaranty association involvement and relettered former Subsec. (c) as (d); P.A. 98-214 amended Subdiv. (a)(1) to substitute “electronic communication” for “either by telegram or telephone”, deleted “foreign guaranty association” in Subdiv. (2), replaced “all insurance agents of the insurer” with list of agents, brokers or producers of records, et al., and amended Subdiv. (a)(4) to include reinsurers, inserted new Subsec. (b) re notice when the Insurance Commissioner is appointed receiver for an insurer domiciled in another state, redesignated existing Subsecs. (b), (c) and (d) as Subsecs. (c), (d) and (e), respectively, amending newly designated Subsec. (c) to allow exception as otherwise established by liquidator with the approval of the court and substitute “proofs specified in” for “proofs thereof pursuant to”, added new Subsec. (f) notwithstanding Subsecs. (a) to (e) re liquidator's duty to locate persons, and added new Subsec. (g) re court authority to find that notice by publication is sufficient notice in certain events.

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