Sec. 38a-262. (Formerly Sec. 38-542). Authority of Insurance Commissioner.
Sec. 38a-262. (Formerly Sec. 38-542). Authority of Insurance Commissioner.
The Insurance Commissioner is authorized to make use of any of the powers established
under this title to enforce the laws of this state so long as those powers are not specifically
preempted by the Product Liability Risk Retention Act of 1981, (15 USC 3901 et seq.),
as amended by the Liability Risk Retention Act of 1986. Such authorization includes,
but is not limited to, the commissioner's administrative authority to investigate, issue
subpoenas, conduct depositions and hearings, issue orders and impose penalties. With
regard to any investigation, administrative proceedings or litigation, the commissioner
may rely on the procedural law and regulations of the state. The injunctive authority of
the commissioner in regard to risk retention groups is restricted by the requirement that
any injunction be issued by a court of competent jurisdiction.
(P.A. 87-135, S. 13, 18.)
History: Sec. 38-542 transferred to Sec. 38a-262 in 1991.