Sec. 38a-46. (Formerly Sec. 38-30). Writing of participating and nonparticipating insurance by domestic stock and mutual insurance companies.
Sec. 38a-46. (Formerly Sec. 38-30). Writing of participating and nonparticipating insurance by domestic stock and mutual insurance companies. Any domestic
insurance company, either mutual or having capital stock, empowered to write fire,
marine, casualty, fidelity and surety or boiler and machinery insurance, may issue any
or all of its policies with or without participation in profits, savings or unabsorbed portions of premiums, may classify policies issued on a participating or nonparticipating
basis and may determine the right to participate and the extent of participation of any
class or classes of policies.
(1949 Rev., S. 6089.)
History: Sec. 38-30 transferred to Sec. 38a-46 in 1991.