Sec. 38a-319. (Formerly Sec. 38-31). Agreement of indemnification for injury from future accident to constitute contract.
Sec. 38a-319. (Formerly Sec. 38-31). Agreement of indemnification for injury
from future accident to constitute contract. Any agreement in any form, which in
effect provides for the indemnification of one person by another for injurious results to
property from a future accident or other contingency, shall, to the extent of such provision
for indemnification, constitute a contract of insurance within the meaning of the statutes
concerning insurance, whether such indemnification is agreed to be by means of a money
payment or by means of repair to or replacement of the property injured or any part
thereof or by means of any work to be done upon such property; but the provisions of
this section shall not apply to an agreement of any seller with a purchaser, guaranteeing
workmanship and materials in connection with the sale of such property.
(1949 Rev., S. 6090.)
History: Sec. 38-31 transferred to Sec. 38a-319 in 1991.