Conn. Gen. Stat. § 38a-839

Current with legislation from the 2024 Regular and Special Sessions.

Section 38a-839 - (Formerly Sec. 38-276). Connecticut Insurance Guaranty Association created. Membership. Function. Accounts

There is created a nonprofit unincorporated legal entity to be known as the Connecticut Insurance Guaranty Association. All insurers defined as member insurers in section 38a-838 shall be members of said association as a condition of their authority to transact insurance in this state. Said association shall perform its functions under a plan of operation established and approved under section 38a-842 and shall exercise its powers through a board of directors established under section 38a-840. For the purposes of administration and assessment, said association shall be divided into three separate accounts:

(1) The workers' compensation insurance account;

(2) the automobile insurance account; and

(3) an account for all other insurance to which sections 38a-836 to 38a-853, inclusive, apply.

Conn. Gen. Stat. § 38a-839

(1971, P.A. 466, S. 4; P.A. 79-376, S. 63; P.A. 87-290, S. 2, 8; P.A. 10-5, S. 38; P.A. 11-19, S. 17.)

Amended by P.A. 11-0019, S. 17 of the the 2011 Regular Session, eff. 10/1/2011.

Amended by P.A. 10-0005, S. 38 of the February 2010 Regular Session, eff. 5/5/2010.

Annotation to former section 38-276: Cited. 215 Conn. 224. Annotation to present section: Cited. 217 Conn. 371.