Table of Contents Sec. 38a-283. (Formerly Sec. 38-20c). Insurance policy signatures. Any insurer
may, in an insurance policy form or endorsement, substitute the printed names of the
officers duly empowered to affirm to such form or endorsement for the facsimile of
such officers' signatures. Sec. 38a-284. (Formerly Sec. 38-157). Insurance contracts by minors. Any minor of the age of fifteen years or more may, notwithstanding such minority, contract for
life, health and accident insurance on his person for his benefit or for the benefit of his
father, mother, husband, wife, child, brother or sister and may exercise all such contractual rights with respect to any such contract of insurance as might be exercised by a
person of full legal age and may at any time surrender his interest in any such insurance
or give a valid discharge for any benefit accruing or money payable thereunder. Sec. 38a-285. (Formerly Sec. 38-108). Two or more companies may issue a
combination policy covering marine and transportation business. Two or more insurance companies authorized to transact, in this state, a marine and transportation insurance business may issue combination forms of policies covering such business, using
distinctive titles therefor, which titles shall appear at the head of the respective policies,
followed by the titles of the several companies obligated thereunder, which policies
shall be executed by the officers of each of such companies; provided, before such
companies issue any such combination policy, they shall have received the express
permission of the commissioner of this state to issue the same, and the titles of such
proposed policies, and the terms of the additional provisions thereof, hereby authorized,
shall have been approved by him, which terms shall provide substantially, under a separate title therein, to be known as "Provisions specially applicable to this combination
policy", as follows: (a) That each company executing such policy shall be liable for the
full amount of any loss or damage according to the terms of the policy, or for a specific
percentage thereof; (b) that service of process, or of any notices required by such policy,
upon any of the companies executing the same shall be deemed to be service upon all;
and provided the unearned premium liability on each policy so issued shall be maintained
by each of such companies on the basis of the liability of each of the insured thereunder. Sec. 38a-286. (Formerly Sec. 38-109). Companies may insure any risks pertaining to transportation and navigation. Any insurance company authorized by law
in this state to issue any contracts relating to inland marine and transportation insurance
or relating to ocean marine insurance may, as a part of such contracts, make insurance
upon vessels, freights, goods, wares, merchandise, specie, bullion, jewelry, profits, commissions, bank notes, bills of exchange and other evidences of debt, bottomry and respondentia interests, and every insurance pertaining to marine risks of transportation
and navigation. Sec. 38a-287. (Formerly Sec. 38-163). Defrauding life or accident insurance
companies. Any person who obtains or attempts to obtain, from any life or accident
insurance company of this state, any money on any policy of insurance issued by it, by
falsely or fraudulently representing the insured person as dead or the person insured
against accident as injured, or fraudulently obtains or attempts to obtain any money
from such company upon a policy of insurance issued in the name of a fictitious person,
shall, if the sum so obtained or attempted to be obtained is one hundred dollars or more,
be imprisoned not more than ten years; and, if such sum is less than one hundred dollars,
he shall be fined not more than five hundred dollars or imprisoned not more than one
year or both. Sec. 38a-288. (Formerly Sec. 38-33). Insurance sold in connection with installment contracts and loans. The commissioner shall make regulations governing insurance on personal property sold under installment or deferred payment contracts or on
personal property pledged as security for a loan and governing any other insurance
sold in connection with such installment or deferred payment contracts or loans. Such
regulations may prescribe (a) the form of notice and policy to be furnished the purchaser
or borrower and the prominence with which any exceptions, restrictions or limitations
shall appear in such notice or policy, (b) the records to be maintained by insurance
companies, (c) the manner in which single-interest and dual-interest insurance coverage
may be used when written at the expense of the purchaser or borrower, (d) the right of
the purchaser or borrower to notice of any change in his insurance coverage and to
dividends and unearned premiums thereon and (e) the manner in which premiums on
such policies and losses or claims thereunder shall be paid or adjusted. Sec. 38a-289. (Formerly Sec. 38-28). Contracts of reinsurance. Contracts for
reinsurance shall be deemed insurance contracts, but the hazard under such contracts is
declared to be distinct in nature from the hazard originally insured. No provision of
law relative to the form of insurance contracts or policies shall apply to contracts of
reinsurance unless made specifically applicable thereto. Each corporation, company or
association which issues in this state any contract of reinsurance shall continue to possess
and be subject as to such contract to all of the provisions of its charter and of the statutes,
so far as they may be applicable, except as hereinbefore provided. Sec. 38a-290. (Formerly Sec. 38-27). Time limitation on suits and arbitration
claims. No insurance company doing business in this state shall limit the time within
which any suit shall be brought against it or any claim shall be submitted to arbitration
on (1) a fidelity or surety bond to a period less than three years from the time when the
loss insured against occurs; (2) a construction performance bond to a period less than
three years from the date on which the principal last performed work under the contract;
(3) a construction payment bond to a period less than three years from the date on which
the claimant last performed work or supplied material for which the claim is made; and
(4) all other policies to a period less than one year from the time when the loss insured
against occurs. This section shall not apply to suits and arbitration claims under the
uninsured or underinsured motorist provisions of a motor vehicle insurance policy. Sec. 38a-291. Trust owned life insurance. Provisions. (a) The trustee of any voluntary employees' beneficiary association trust, as defined in Section 501(c)(9) of the
Internal Revenue Code of 1986, as from time to time amended, to provide life, health
or similar benefits to employees or retired employees and acting in a fiduciary capacity
with respect to those employees or retired employees may procure insurance on the lives
of those employees or retired employees.
Sec. 38a-283. (Formerly Sec. 38-20c). Insurance policy signatures.
Sec. 38a-284. (Formerly Sec. 38-157). Insurance contracts by minors.
Sec. 38a-285. (Formerly Sec. 38-108). Two or more companies may issue a combination policy covering marine and transportation business.
Sec. 38a-286. (Formerly Sec. 38-109). Companies may insure any risks pertaining to transportation and navigation.
Sec. 38a-287. (Formerly Sec. 38-163). Defrauding life or accident insurance companies.
Sec. 38a-288. (Formerly Sec. 38-33). Insurance sold in connection with installment contracts and loans.
Sec. 38a-289. (Formerly Sec. 38-28). Contracts of reinsurance.
Sec. 38a-290. (Formerly Sec. 38-27). Time limitation on suits and arbitration claims.
Sec. 38a-291. Trust owned life insurance. Provisions.
Secs. 38a-292 to 38a-294.
(P.A. 84-155.)
History: Sec. 38-20c transferred to Sec. 38a-283 in 1991.
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(1949 Rev., S. 6147.)
History: Sec. 38-157 transferred to Sec. 38a-284 in 1991.
Annotation to former section 38-157:
Plaintiff could not take advantage of contractual rights without complying with conditions of policy. 139 C. 54.
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(1949 Rev., S. 6113.)
History: Sec. 38-108 transferred to Sec. 38a-285 in 1991.
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(1949 Rev., S. 6114.)
History: Sec. 38-109 transferred to Sec. 38a-286 in 1991.
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(1949 Rev., S. 8711.)
History: Sec. 38-163 transferred to Sec. 38a-287 in 1991.
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(1953, S. 2798d; 1957, P.A. 131, S. 1; P.A. 88-69.)
History: P.A. 88-69 permitted the insurance commissioner to regulate the manner in which dual-interest insurance
coverage may be used when written at the expense of the purchaser or borrower; Sec. 38-33 transferred to Sec. 38a-288
in 1991.
Annotation to former section 38-33:
Under department regulations, section 38-33-5, there shall be no subrogation on any single interest policies. 2 Conn.
Cir. Ct. 333.
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(1949 Rev., S. 6086.)
History: Sec. 38-28 transferred to Sec. 38a-289 in 1991.
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(1949 Rev., S. 6085; 1955, S. 2791d; P.A. 82-406, S. 2; P.A. 85-73; P.A. 93-77, S. 1, 4; P.A. 00-105, S. 3, 5.)
History: P.A. 82-406 prohibited time limitation on suits against insurance companies on construction performance
bonds to less than three years from date on which principal last performed work, on construction payment bond to less
than three years from the date on which claimant last performed work and on uninsured motorist provision of motor vehicle
insurance policy to less than two years from date of accident, replacing provision which had prohibited time limitation of
less than one year from time when loss occurs in all cases except those relating to fidelity or surety bonds for which
existing limitation remains in effect; P.A. 85-73 provided that claims for uninsured motorist coverage must be submitted
to arbitration within two years of the date of the accident; Sec. 38-27 transferred to Sec. 38a-290 in 1991; P.A. 93-77
deleted former Subdiv. (d) prohibiting an insurance company's limiting the time on bringing suit or submitting a claim to
arbitration on the uninsured motorist provisions of a motor vehicle insurance policy to a period less than two years from
the date of the accident, relettered former Subdiv. (e) as Subdiv. (d) and added provision that this section is not applicable
to suits and arbitration claims under uninsured and underinsured motorist provisions of a motor vehicle insurance policy,
effective May 20, 1993; P.A. 00-105 substituted numeric Subdiv. designators for alphabetic designators, effective July
1, 2000.
See Sec. 38a-336 re time limitation on suits and arbitration claims under uninsured or underinsured motorist provisions
of a motor vehicle insurance policy.
Annotations to former section 38-27:
Cited. 224 C. 133, 140. Cited. Id., 145, 147, 148, 150, 151.
Cited. 34 CA 833, 836.
Time when statute begins to run on surety bonds discussed. 19 CS 257.
Annotations to present section:
Cited. 224 C. 133, 140. Cited. Id., 145, 147, 148, 150, 151. Cited. 231 C. 938. P.A. 93-77 cited. Id. Cited. 233 C. 437,
438, 442, 443, 449, 451−453, 455. P.A. 93-77 and P.A. 93-77, Sec. 1 cited. Id. Cited. Id., 460, 461, 463, 465, 469. P.A.
93-77 and P.A. 93-77, Sec. 1 cited. Id. Cited. Id., 474, 475, 478, 483. P.A. 93-77 and P.A. 93-77, Sec. 1 cited. Id.
Cited. 34 CA 833, 837, 838, 851. Cited. 36 CA 141, 142. P.A. 93-77 cited. Id. Cited. 44 CA 698. P.A. 93-77, Sec. 3
cited. Id.
Subsec. (d):
Cited. 34 CA 833, 844. Cited. 44 CA 47. Cited. Id., 698. P.A. 93-77, Sec. 1 (d) cited. Id.
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(b) The provisions of this section shall apply to policies or contracts delivered or
issued for delivery in this state.
(c) This section shall not be interpreted to affect or prohibit any person, trust or
corporation from procuring insurance upon the life or health of another person in whom
it has an insurable interest at common law.
(P.A. 92-75, S. 2.)
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