Sec. 38a-580. (Formerly Sec. 38-174ll). General surplus required. - Connecticut Statutes

      Sec. 38a-580. (Formerly Sec. 38-174ll). General surplus required. The amount of a general surplus that a dental plan organization shall be required to maintain shall be seven hundred fifty thousand dollars or an amount equal to two per cent of premiums written, whichever is greater. For the purposes of this section, general surplus may be comprised of cash and such other instruments which, to the satisfaction of the commissioner, adequately protect the plan's subscribers.

      (P.A. 88-272, S. 4; P.A. 99-149.)

      History: Sec. 38-174ll transferred to Sec. 38a-580 in 1991; P.A. 99-149 substituted $750,000 for $250,000 and substituted 2% for 33% re general surplus, and deleted "surety bonds" re composition of general surplus.