Sec. 38a-764. Requirements for fraternal agents. (a) "Fraternal agent", as used
in this section and section 38a-800, means any authorized or acknowledged agent of a
society who acts as such in the solicitation, negotiation or procurement or making of a
life insurance, accident and health insurance or annuity contract, except that the term
"fraternal agent" shall not include: (1) Any regular salaried officer or employee of a
licensed society who devotes substantially all of his services to activities other than the
solicitation of fraternal insurance contracts from the public, and who receives for the
solicitation of such contracts no commission or other compensation directly dependent
upon the amount of business obtained; or (2) any agent or representative of a society
who devotes, or intends to devote, less than fifty per cent of his time to the solicitation and
procurement of insurance contracts for such society. Any person who in the preceding
calendar year has solicited and procured life insurance contracts on behalf of any society
in an amount of insurance in excess of fifty thousand dollars, or, in the case of any other
kind or kinds of insurance which the society might write, on the persons of more than
twenty-five individuals and who has received or will receive a commission or other
compensation therefor, shall be presumed to be devoting, or intending to devote, fifty
per cent of his time to the solicitation or procurement of insurance contracts for such
society.
(b) Any person who in this state acts as fraternal agent for a society without having
authority so to do by virtue of a license issued and in force pursuant to the provisions
of this section, except as provided in subsection (a) of this section, shall be fined not
more than one hundred dollars.
(c) No society doing business in this state shall pay any commission or other compensation to any person for any services in obtaining in this state any new contract of
life, accident or health insurance, or any new annuity contract, except to a licensed
fraternal agent of such society and except to an agent exempted under subdivision (2)
of subsection (a) of this section.
(P.A. 90-243, S. 141.)
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Secs. 38a-765 to 38a-768. Reserved for future use.
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