Sec. 38a-237. (Formerly Sec. 38-408). Filing of statement of financial condition. Insurance Commissioner's examination of legal service corporation; visitation rights; summoning of witnesses.
Sec. 38a-237. (Formerly Sec. 38-408). Filing of statement of financial condition. Insurance Commissioner's examination of legal service corporation; visitation rights; summoning of witnesses. (a) Each nonprofit legal service corporation, as
defined in section 38a-230, shall, annually, on or before the first day of March, file in
the office of the Insurance Commissioner a statement, verified by at least two of its
principal officers, showing its condition on the thirty-first day of December next preceding, which shall be in such form and contain such information as the commissioner
prescribes. The Insurance Commissioner or his representative shall make an examination of the financial condition of each such legal service corporation at least quadrennially.
(b) The Insurance Commissioner, or any deputy or examiner or any other person
whom he appoints, shall have the power of visitation and examination into the affairs
of any such corporation and free access to all of the books, papers and documents that
relate to the business of the corporation, and may summon and qualify witnesses under
oath to examine its officers, agents or employees or other persons in relation to the
affairs, transactions and condition of the corporation.
(P.A. 79-234, S. 8; P.A. 90-243, S. 160.)
History: P.A. 90-243 divided section into Subsecs., added a reference to "nonprofit" legal service corporation and made
technical corrections for statutory consistency; Sec. 38-408 transferred to Sec. 38a-237 in 1991.