Sec. 38a-895. (Formerly Sec. 38-114b). Reimbursement of Secretary of Housing and Urban Development for reinsurance.
Sec. 38a-895. (Formerly Sec. 38-114b). Reimbursement of Secretary of Housing and Urban Development for reinsurance. The fund shall reimburse the Secretary
of the Department of Housing and Urban Development in an amount up to five per cent
of the aggregate property insurance premiums earned in this state during the preceding
calendar year on those lines of insurance reinsured by the Secretary in this state during
the year with respect to which the Secretary claims reimbursement from the fund in
accordance with the provisions of sections 38a-894 to 38a-898, inclusive. Any such
reimbursements to the Secretary shall be upon drafts or vouchers authorized by the
Treasurer with the approval of the Insurance Commissioner.
(1969, P.A. 321, S. 2; P.A. 77-614, S. 163, 610; P.A. 80-482, S. 293, 348.)
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; Sec. 38-114b transferred to
Sec. 38a-895 in 1991.