Sec. 38a-102e. Loan or investment prohibition.
Sec. 38a-102e. Loan or investment prohibition. No domestic insurer shall make
any loan or investment, other than a life insurance policy loan secured by its policies
in an amount not exceeding the net reserve value thereof, unless authorized or approved
by its board of directors or a committee thereof responsible for supervising or making
such loan or investment or by committees or persons pursuant to a delegation of authority. The terms and limitations of any delegation of authority by the board of directors
or any committee shall be by its actions which are duly recorded.
(P.A. 91-262, S. 6, 19.)