Sec. 38a-616. (Formerly Sec. 38-238). Examination of domestic society by commissioner.
Sec. 38a-616. (Formerly Sec. 38-238). Examination of domestic society by
commissioner. (a) The commissioner, or any person he may appoint, shall have the
power of visitation and examination into the affairs of any domestic society and he shall
make such examination at least once in every five years. He may employ assistants for
the purpose of such examination, and he, or any person he may appoint, shall have free
access to all books, papers and documents that relate to the business of the society. The
minutes of the proceedings of the supreme legislative or governing body and of the
board of directors or corresponding body of a society shall be in the English language. In
making any such examination the commissioner may summon and qualify as witnesses
under oath and examine its officers, agents and employees or other persons in relation
to the affairs, transactions and condition of the society.
(b) A summary of the report of the commissioner and such recommendations or
statements of the commissioner as may accompany such report shall be read at the first
meeting of the board of directors or corresponding body of the society following the
receipt thereof and, if so directed by the commissioner, shall also be read at the first
meeting of the supreme legislative or governing body of the society following the receipt
thereof. A copy of the report, recommendations and statements of the commissioner
shall be furnished by the society to each member of such board of directors or other
governing body.
(c) The state shall be reimbursed for the costs of each examination and of each
valuation of any domestic society to the extent provided in sections 38a-49 and 38a-50.
(1957, P.A. 448, S. 35; 1959, P.A. 381, S. 1; P.A. 81-101, S. 8; P.A. 90-243, S. 143.)
History: 1959 act deleted provision which had required society to pay examination costs, requiring instead reimbursement "to the extent provided in sections 38-51 and 38-52"; P.A. 81-101 required that insurance commissioner examine
affairs of each domestic fraternal benefit society every five years, rather than every three years; P.A. 90-243 divided section
into Subsecs.; Sec. 38-238 transferred to Sec. 38a-616 in 1991.