Sec. 38a-289. (Formerly Sec. 38-28). Contracts of reinsurance.
Sec. 38a-289. (Formerly Sec. 38-28). Contracts of reinsurance. Contracts for
reinsurance shall be deemed insurance contracts, but the hazard under such contracts is
declared to be distinct in nature from the hazard originally insured. No provision of
law relative to the form of insurance contracts or policies shall apply to contracts of
reinsurance unless made specifically applicable thereto. Each corporation, company or
association which issues in this state any contract of reinsurance shall continue to possess
and be subject as to such contract to all of the provisions of its charter and of the statutes,
so far as they may be applicable, except as hereinbefore provided.
(1949 Rev., S. 6086.)
History: Sec. 38-28 transferred to Sec. 38a-289 in 1991.