Sec. 38a-44. (Formerly Sec. 38-64b). Notice to commissioner of intent to discontinue line of insurance.
Sec. 38a-44. (Formerly Sec. 38-64b). Notice to commissioner of intent to discontinue line of insurance. Any insurer licensed to do business in this state, or authorized to do business on a nonadmitted basis, which intends to discontinue offering or
substantially reduce its writings in a line or subline of insurance in this state shall send,
by registered or certified mail, or deliver to the Insurance Commissioner written notice
of its intent to take such action at least sixty days before the initial notice of cancellation
or nonrenewal is delivered or mailed to the insureds. This section shall not apply to life
insurance policies or annuity contracts.
(P.A. 86-98, S. 4, 6; P.A. 93-273, S. 1.)
History: Sec. 38-64b transferred to Sec. 38a-44 in 1991; P.A. 93-273 required notification of commissioner 60 days
before the initial notice of cancellation or nonrenewal is delivered or mailed to the insureds, rather than 60 days before
effective date of action to discontinue offerings of insurance lines or sublines, and added provision specifically excluding
life insurance policies or annuity contracts from section provisions.
Annotation to former section 38-64b:
Sec. 38-62 et seq. cited. 207 C. 77.