Sec. 38a-262. (Formerly Sec. 38-542). Authority of Insurance Commissioner. - Connecticut Statutes

      Sec. 38a-262. (Formerly Sec. 38-542). Authority of Insurance Commissioner. The Insurance Commissioner is authorized to make use of any of the powers established under this title to enforce the laws of this state so long as those powers are not specifically preempted by the Product Liability Risk Retention Act of 1981, (15 USC 3901 et seq.), as amended by the Liability Risk Retention Act of 1986. Such authorization includes, but is not limited to, the commissioner's administrative authority to investigate, issue subpoenas, conduct depositions and hearings, issue orders and impose penalties. With regard to any investigation, administrative proceedings or litigation, the commissioner may rely on the procedural law and regulations of the state. The injunctive authority of the commissioner in regard to risk retention groups is restricted by the requirement that any injunction be issued by a court of competent jurisdiction.

      (P.A. 87-135, S. 13, 18.)

      History: Sec. 38-542 transferred to Sec. 38a-262 in 1991.