Connecticut General Statutes 38a-720k – Registration of certain persons not required to be licensed as third-party administrator
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A person who is not required to be licensed as a third-party administrator under subdivision (11) of section 38a-720 or section 38a-720a and who directly or indirectly underwrites, collects charges or premiums from, or adjusts or settles claims on residents of this state, only in connection with life, annuity or health coverage provided by a self-funded plan other than governmental or church plans, shall register annually with the commissioner not later than October first on a form designated by the commissioner.
Terms Used In Connecticut General Statutes 38a-720k
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Commissioner: means the Insurance Commissioner. See Connecticut General Statutes 38a-702a
- 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