Sec. 38a-411. Reinsurance.
Sec. 38a-411. Reinsurance. (a) A title insurer may obtain reinsurance for all or
any part of its liability under one or more of its title insurance policies or reinsurance
agreements and may also reinsure title insurance policies issued by other title insurers
on risks located in this state or elsewhere. Reinsurance on policies issued on properties
located in this state must be obtained from title insurers licensed to transact title insurance
business in this state.
(b) Upon application by a title insurer, the commissioner may permit the insurer to
obtain reinsurance from a title insurer not licensed in this state where capital and surplus
of the unlicensed title insurer meets the requirements for licensed companies under
section 38a-405.
(P.A. 90-218, S. 12.)