Connecticut General Statutes 33-646 – Authorization to form corporation to transact insurance business
Current as of: 2024 | Check for updates
|
Other versions
(a) A certificate authorizing the formation of a corporation to transact the business of an insurance company shall be issued by the Insurance Commissioner if the following is submitted to him by the incorporators and is deemed to be satisfactory: (1) The proposed certificate of incorporation, which shall state that the corporation has, as a purpose, the doing of an insurance business; (2) the proposed bylaws of the corporation; and (3) such information as the commissioner shall require to evaluate the objectives, management and control of the proposed corporation.
Terms Used In Connecticut General Statutes 33-646
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(b) All expenses incurred by the commissioner in connection with proceedings under this section shall be paid by the person filing the application.