Conn. Gen. Stat. § 38a-102e
Loan or investment prohibition
Connecticut · General Statutes of Connecticut Chapter 698 — Insurers · Status: effective
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- Citation
- Conn. Gen. Stat. § 38a-102e, Loan or investment prohibition, Connecticut, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2201655
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Full text
No domestic insurer shall make any loan or investment, other than a life insurance policy loan secured by its policies in an amount not exceeding the net reserve value thereof, unless authorized or approved by its board of directors or a committee thereof responsible for supervising or making such loan or investment or by committees or persons pursuant to a delegation of authority. The terms and limitations of any delegation of authority by the board of directors or any committee shall be by its actions which are duly recorded.