Sec. 38a-406. Single risk limitation.
Sec. 38a-406. Single risk limitation. (a) The net retained liability of a title insurer
for a single risk on property located in this state, whether assumed directly or as reinsurance, may not exceed fifty per cent of the sum of its total surplus to policyholders and
reserve, less the value assigned to title plants, as shown in the most recent annual statement of the insurer on file in the office of the commissioner.
(b) The commissioner may waive the limitation of this section for a particular risk
upon application of the insurer and for good cause shown.
(P.A. 90-218, S. 7.)