Sec. 38a-674. (Formerly Sec. 38-201l). Joint underwriting or joint reinsurance.
Sec. 38a-674. (Formerly Sec. 38-201l). Joint underwriting or joint reinsurance. (a) Every group, association or other organization of insurers which engages in
joint underwriting or joint reinsurance through such group, association or organization
or by standing agreement among the members thereof shall file with the Insurance Commissioner (1) a copy of its constitution, its articles of incorporation, agreement or association and the bylaws, rules and regulations governing its activities, all duly certified by
the custodian of the originals thereof, (2) a list of its members, and (3) the name and
address of the resident of this state upon whom notices or orders of the Insurance Commissioner or process may be served.
(b) Every such group, association or other organization shall notify the Insurance
Commissioner promptly of every change in its constitution, its articles of incorporation,
agreement or association, and of its bylaws, rules and regulations governing the conduct
of its business, its list of members and the name and address of the resident of this state
designated by it upon whom notices or orders of said commissioner or process affecting
such group, association or organization may be served.
(c) No such group, association or organization shall engage in any unfair or unreasonable practice with respect to such activities.
(1969, P.A. 665, S. 12; P.A. 77-614, S. 163, 610; P.A. 80-482, S. 310, 348; P.A. 81-472, S. 73, 159.)
History: P.A. 77-614 placed insurance commissioner within the department of business regulation and made insurance
department a division within that department, effective January 1, 1979; P.A. 80-482 restored insurance commissioner
and division to prior independent status and abolished the department of business regulation; P.A. 81-472 made technical
changes; Sec. 38-201l transferred to Sec. 38a-674 in 1991.