Conn. Gen. Stat. § 38a-1020
Revocation of certificate of approval
Connecticut · General Statutes of Connecticut Chapter 706 — Private Employer Workers' Compensation Group Self-Insurance · Status: effective
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- Citation
- Conn. Gen. Stat. § 38a-1020, Revocation of certificate of approval, Connecticut, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2203740
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Full text
(a) After notice and opportunity for a hearing, the commissioner may revoke a group's certificate of approval if it:
(1) Is found to be insolvent;
(2) fails to pay any premium tax, regulatory fee or assessment or special fund contribution imposed upon it; or (3) fails to comply with any of the provisions of subsection (e) of section 31-288, 31-289b, 31-316, 31-345 or 38a-1000 to 38a-1023, inclusive, with any rules adopted pursuant to said sections, or with any lawful order of the commissioner within the time prescribed.
(b) In addition, the commissioner may revoke a group's certificate of approval if, after notice and opportunity for hearing, the commissioner finds that:
(1) Any certificate of approval that was issued to the group was obtained by fraud;
(2) there was a material misrepresentation in the application for the certificate of approval; or (3) the group or its administrator has misappropriated, converted, illegally withheld or refused to pay over upon proper demand any moneys that belong to a member, an employee of a member, or a person otherwise entitled thereto and that have been entrusted to the group or its administrator in its fiduciary capacities.