Sec. 38a-615. (Formerly Sec. 38-237a). Requirements re filing of financial statements by society. - Connecticut Statutes

      Sec. 38a-615. (Formerly Sec. 38-237a). Requirements re filing of financial statements by society. (a) In addition to the annual report required under section 38a-614, the commissioner, when he deems it necessary, may require any fraternal benefit society licensed under sections 38a-595 to 38a-626, inclusive, 38a-631 to 38a-640, inclusive, and 38a-800 to file financial statements on a quarterly basis.

      (b) In addition to such annual report and the quarterly report required under subsection (a) of this section, the commissioner, whenever the commissioner determines that more frequent reports are required because of certain factors or trends affecting companies writing a particular class or classes of business or because of changes in the company's management or financial or operating condition, may require any fraternal benefit society licensed under sections 38a-595 to 38a-626, inclusive, 38a-631 to 38a-640, inclusive, and 38a-800 to file financial statements on other than an annual or quarterly basis.

      (P.A. 76-167, S. 2; P.A. 05-29, S. 8.)

      History: Sec. 38-237a transferred to Sec. 38a-615 in 1991; P.A. 05-29 amended Subsec. (b) to make technical changes.