Connecticut General Statutes 38a-703 – Soliciting business for unlicensed insurance or surety company prohibited
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.
Terms Used In Connecticut General Statutes 38a-703
- Commissioner: means the Insurance Commissioner. See Connecticut General Statutes 38a-702a
- 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.
- Insurance: means any of the lines of authority contained in this title. See Connecticut General Statutes 38a-702a
- insurance company: includes any person or combination of persons doing any kind or form of insurance business other than a fraternal benefit society, and shall include a receiver of any insurer when the context reasonably permits. See Connecticut General Statutes 38a-1
- Person: means an individual or a business entity. See Connecticut General Statutes 38a-702a
- Solicit: means attempting to sell insurance or asking or urging a person to apply for a particular kind of insurance from a particular company. See Connecticut General Statutes 38a-702a
- State: means any state, district, or territory of the United States. See Connecticut General Statutes 38a-1