Connecticut General Statutes 38a-714 – Personal liability of person acting on behalf of insurance company not licensed to do business in this state
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Any person making within this state directly or indirectly any contract of insurance on behalf of any insurance company which is not licensed to do business in this state shall be personally liable to the insured for the performance of such contract by the insurance company.
Terms Used In Connecticut General Statutes 38a-714
- Contract: A legal written agreement that becomes binding when signed.
- 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
- Insured: means a person to whom or for whose benefit an insurer makes a promise in an insurance policy. See Connecticut General Statutes 38a-1
- Person: means an individual or a business entity. See Connecticut General Statutes 38a-702a
- State: means any state, district, or territory of the United States. See Connecticut General Statutes 38a-1