Connecticut General Statutes 15-108 – Self-insurance
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(a) Any person may at any time apply to the executive director for a certificate of self-insurance, whether or not there has occurred an accident as a result of which such person might be affected by some other provision of this chapter.
Terms Used In Connecticut General Statutes 15-108
- Judgment: means any judgment which has become final by expiration without appeal of the time within which an appeal might have been perfected, or by final affirmation on appeal, rendered by a court of competent jurisdiction of any state or of the United States, upon a claim for damages suffered by a claimant arising out of the ownership, operation, maintenance or use of any aircraft, including damages for care and loss of services, because of bodily injury to or death of any person or injury to or destruction of property, including the loss of use thereof, or upon an agreement of settlement for such damages. See Connecticut General Statutes 15-102
(b) The executive director may issue a certificate of self-insurance when satisfied that the applicant is possessed and will continue to be possessed of ability to pay judgments against the applicant within the limits provided in this chapter.
(c) Upon not less than ten days’ notification of a self-insurer, the executive director may for reasonable cause cancel a certificate of self-insurance and shall cancel such certificate upon failure of a self-insurer to pay any judgment within thirty days.