There is a newer version
of
this Section
2018 Connecticut General Statutes
Title 38a - Insurance
Chapter 700a - Title Insurance
Section 38a-406 - Single risk limitation.
Universal Citation: CT Gen Stat § 38a-406 (2018)
(a) The net retained liability of a title insurer for a single risk on property located in this state, whether assumed directly or as reinsurance, may not exceed fifty per cent of the sum of its total surplus to policyholders and reserve, less the value assigned to title plants, as shown in the most recent annual statement of the insurer on file in the office of the commissioner.
(b) The commissioner may waive the limitation of this section for a particular risk upon application of the insurer and for good cause shown.
(P.A. 90-218, S. 7.)
Disclaimer: These codes may not be the most recent version. Connecticut may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
