Connecticut General Statutes|Chapter 700b - Life Insurance, Annuities, Burial Contracts and Life Settlements

Sec. 38a-430. (Formerly Sec. 38-135a). Approval of form of life insurance and annuity policies and contracts. War or military service coverage exclusion prohibited. Optional health insurance riders.

Sec. 38a-432b. Regulations concerning solicitation and sale of life insurance and annuities to senior citizens. Disciplinary action.

Sec. 38a-433. (Formerly Sec. 38-154a). Life insurance or annuities payable in fixed or variable amounts. Accumulation of funds pursuant to funding agreements.

Sec. 38a-434. (Formerly Sec. 38-155). Insurance against accident and disease.

Sec. 38a-435. (Formerly Sec. 38-147a). Regulations re replacement of or borrowing on life insurance products, policies or contracts.

Sec. 38a-436. (Formerly Sec. 38-157a). Notice of voidability of individual insurance contracts. Procedure. Time limit.

Sec. 38a-436a. Designation of third party to receive cancellation notices of individual life insurance policies.

Sec. 38a-437. (Formerly Sec. 38-158). Copy of application to be furnished.

Sec. 38a-438. (Formerly Sec. 38-130b). Short title: Standard Nonforfeiture Law.

Sec. 38a-439. (Formerly Sec. 38-130c). Minimum nonforfeiture benefits for life insurance policyholders who default in premium payments. Cash surrender value.

Sec. 38a-440. (Formerly Sec. 38-130d). Minimum nonforfeiture benefits for annuity contract holders upon cessation of payment of considerations under a contract.

Sec. 38a-441. (Formerly Sec. 38-159c). Notice to insured when life insurance policy paid up.

Sec. 38a-442. (Formerly Sec. 38-156). Dating back of policies prohibited.

Sec. 38a-443. (Formerly Sec. 38-147). Premium notes.

Sec. 38a-444. (Formerly Sec. 38-147b). Life insurance policy loans. Interest rate allowable.

Sec. 38a-445. (Formerly Sec. 38-160). Deferring the granting of loans and surrender values.

Sec. 38a-446. (Formerly Sec. 38-149). Discrimination in favor of individuals prohibited.

Sec. 38a-447. (Formerly Sec. 38-150). Discrimination against persons on the basis of race prohibited.

Sec. 38a-447a. Exclusion of coverage on the basis of naloxone prescription prohibited.

Secs. 38a-448 and 38a-449. (Formerly Secs. 38-151 and 38-152). Affidavit of examining physician.

Sec. 38a-450. (Formerly Sec. 38-159). Certain corporations and associations may be made beneficiaries.

Sec. 38a-451. (Formerly Sec. 38-159a). Trustee as beneficiary of policy.

Sec. 38a-452. (Formerly Sec. 38-159b). Payment of interest on life insurance death benefits.

Sec. 38a-453. (Formerly Sec. 38-161). Rights of creditors of insured against beneficiary.

Sec. 38a-454. (Formerly Sec. 38-162). Proceeds of insurance policies and annuities may be held in trust.

Sec. 38a-455. Assignment of incidents of ownership under group life policy.

Sec. 38a-456. Notice of cancellation or discontinuation of group life insurance coverage. Penalty.

Sec. 38a-457. Accelerated benefits of life insurance policies.

Sec. 38a-458. Life insurance policies and annuities providing long-term care benefits. Regulations.

Sec. 38a-458a. Option for certain insurers to combine long-term care coverage with certain life, endowment or annuity coverages.

Sec. 38a-459. (Formerly Sec. 38-33a). Funding agreements by domestic life insurance companies. Establishment of companies' obligations. Segregation of moneys.

Sec. 38a-460. Accumulation fund arrangements. Definition.

Secs. 38a-461 to 38a-463.

Sec. 38a-464. (Formerly Sec. 38-32). Burial contracts; license from Insurance Commissioner.

Sec. 38a-465. Definitions.

Sec. 38a-465a. Licensing of life settlement providers and brokers.

Sec. 38a-465b. Denial, suspension or revocation of license. Refusal to renew license. Appeals.

Sec. 38a-465c. Contract form and disclosure statements. Filing and approval requirements. Disclosure of life settlement contract availability and lawful assignment not to be prohibited.

Sec. 38a-465d. Annual statements. Penalty. Confidentiality of insured's information. Reasons for disclosure of insured's identity.

Sec. 38a-465e. Examination of licensees and applicants. Commissioner's access to records. Retention of records. Expenses of examination. Confidentiality of examination workpapers and reports.

Sec. 38a-465f. Required disclosures.

Sec. 38a-465g. Prerequisites to a life settlement contract wherein insured is terminally or chronically ill. Medical release and confidentiality of medical information. Verification of coverage. Notice to insurer. Change of ownership or beneficiary. Rescission. Escrow agent or trustee. Broker fee calculation and disclosure of compensation. Prohibitions. Exemptions.

Sec. 38a-465h. Premium finance loans. Disclosures and certifications.

Sec. 38a-465i. Violations.

Sec. 38a-465j. Fraudulent life settlement acts prohibited. Confidentiality of documents and evidence. Antifraud plans.

Sec. 38a-465k. Injunctions. Cease and desist orders. Damages.

Sec. 38a-465l. Penalties.

Sec. 38a-465m. Regulations. Imposition of bond or other mechanism as proof of financial accountability. Conflict of laws.

Sec. 38a-465n. Life settlement advertisements.

Sec. 38a-465o. Life settlement broker deemed to represent only the owner. Fiduciary duty to owner.

Sec. 38a-465p. Provider or broker lawfully transacting business in the state or person lawfully negotiating life settlement contracts prior to October 1, 2008.

Sec. 38a-465q. Related provider trusts.

Secs. 38a-466 to 38a-468.

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