Sec. 38a-146. (Formerly Sec. 38-37). Domestic insurance company may acquire stock of other companies.
Sec. 38a-146. (Formerly Sec. 38-37). Domestic insurance company may acquire stock of other companies. Any domestic insurance company may retain or acquire the whole or any part of the stock or other share capital of other insurance corporations, provided no insurance corporation shall, by reason of such retention or acquisition
of stock or other share capital, conduct its business with the public in a manner which
substantially lessens competition or tends to create a monopoly.
(1949 Rev., S. 6093.)
History: Sec. 38-37 transferred to 38a-146 in 1991.