Sec. 38a-894. (Formerly Sec. 38-114a). Federal Riot Reinsurance Reimbursement Fund.
Sec. 38a-894. (Formerly Sec. 38-114a). Federal Riot Reinsurance Reimbursement Fund. There is created a fund to be known as the "Federal Riot Reinsurance
Reimbursement Fund", hereinafter referred to as "the fund", which shall be operated
under the joint control of the State Treasurer and the Insurance Commissioner. The
fund shall consist of all payments made to said fund by insurers in accordance with the
provisions of sections 38a-894 to 38a-898, inclusive, any securities acquired by and
through use of moneys belonging to said fund, any moneys appropriated to said fund
and any interest and accretions earned on assets of said fund. The Treasurer shall have
the same power to enforce the collection of the assessments provided hereunder as any
other obligation due the state.
(1969, P.A. 321, S. 1; P.A. 77-614, S. 163, 610; P.A. 80-482, S. 292, 348.)
History: P.A. 77-614 placed insurance commissioner within the department of business regulation and made insurance
department a division within that department, effective January 1, 1979; P.A. 80-482 restored insurance commissioner
and division to prior independent status and abolished the department of business regulation; Sec. 38-114a transferred to
Sec. 38a-894 in 1991.