Section 38a-703 - (Formerly Sec. 38-70). Soliciting business for unlicensed insurance or surety company prohibited.

CT Gen Stat § 38a-703 (2019) (N/A)

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No person shall, within this state, solicit or procure insurance, except with regard to his own property or person, with or by any insurance company that does not hold a certificate then in force from the commissioner authorizing such insurance company to do such insurance business in this state, or deliver policies or collect premiums of or for any such company; nor shall any person aid in any way in the transaction in this state of any insurance business with or by any insurance company not thus authorized, except to obtain insurance upon his own property or person. Any person who aids any corporation, association or person not authorized to do insurance business in this state in soliciting such business from residents of this state, by means of any advertisement published in this state or by any other means, shall be fined not more than two thousand dollars or imprisoned not more than six months, or both.

(1949 Rev., S. 6058; P.A. 08-178, S. 24.)

History: Sec. 38-70 transferred to Sec. 38a-703 in 1991; P.A. 08-178 made technical changes and increased maximum fine from $100 to $2,000.

Annotation to former section 38-70:

Cited. 9 CA 622.

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Section 38a-702t - Banking Commissioner to provide list of certain registrants and registration denials, suspensions and revocations. Consideration of denial, suspension or revocation for producer license application and current producer licensure. Denial, nonrenewal, suspension or revocation of producer licenses.

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Section 38a-704 - (Formerly Sec. 38-71). Penalty for acting as insurance producer without license.