# Conn. Gen. Stat. § 38a-14a: Sec. 38a-14a. Examination of the financial condition of insurance companies > Connecticut · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_CT_T38a_C697_S38a-14a ## Section - **Citation:** Conn. Gen. Stat. § 38a-14a - **Heading:** Sec. 38a-14a. Examination of the financial condition of insurance companies - **Jurisdiction:** Connecticut - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Connecticut Code / Title 38a / Chapter 697 / Section 38a-14a ## Text (1) Examine such company or its affiliates to ascertain the financial condition of the company, including the enterprise risk of such company by (A) the company's ultimate controlling person, (B) any member or combination of members within its insurance holding company system, or (C) its insurance holding company system on a consolidated basis; and (2) (A) Order such company to produce such records, books or other information in the possession of the insurance company or its affiliates as are reasonably necessary to determine compliance with sections 38a-129 to 38a-140 , inclusive. In the event such insurance company fails to comply with such order, the commissioner shall have the power to examine any such affiliate to obtain such information. (B) The commissioner may order the registered insurance company to produce records, books or other information not in its possession if the company can obtain access to such records, books or other information pursuant to a contractual agreement, a statutory obligation or other method. If the insurance company cannot obtain access to such records, books or other information, the company shall provide to the commissioner a detailed explanation of the reason the company cannot obtain the requested records, books or other information, and the identity of the holder of such records, books or other information. If the commissioner deems the explanation to be without merit, the delay in producing the requested records, books or other information under this subparagraph shall be grounds for administrative action in accordance with subsection (c) of section 38a-41 . (b) The commissioner may engage the services of attorneys, actuaries, accountants and other experts not otherwise a part of the commissioner's staff, at the registered insurance company's expense, as shall be reasonably necessary to assist in the conduct of the examination under subsection (a) of this section. All persons so engaged shall be under the direction and control of the commissioner and shall act in a purely advisory capacity. (c) Each registered insurance company producing for examination records, books and papers pursuant to subsection (a) of this section shall be liable for and shall pay the expense of such examination in accordance with sections 38a-14 and 38a-15 . ## Nearby sections - [Conn. Gen. Stat. § 38a-1 Sec. 38a-1. (Formerly Sec. 38-1). Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T38a_C697_S38a-1.md) - [Conn. Gen. Stat. § 38a-2 Sec. 38a-2. (Formerly Sec. 38-2). General penalty.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T38a_C697_S38a-2.md) - [Conn. Gen. Stat. § 38a-7 Sec. 38a-7. (Formerly Sec. 38-3). Appointment of commissioner.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T38a_C697_S38a-7.md) - [Conn. Gen. Stat. § 38a-8 Sec. 38a-8. (Formerly Sec. 38-4). Duties of commissioner. Regulations. Sharing and maintenance of confidential information. Use of outside professionals. Program re electronic rate and form filings.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T38a_C697_S38a-8.md) - [Conn. Gen. Stat. § 38a-9 Sec. 38a-9. (Formerly Sec. 38-4b). Divisions of Consumer Affairs and Rate Review. Duties. Annual reports by commissioner. Arbitration procedure.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T38a_C697_S38a-9.md) - [Conn. Gen. Stat. § 38a-10a Sec. 38a-10a. Mediation program. Regulations.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T38a_C697_S38a-10a.md) - [Conn. Gen. Stat. § 38a-11 Sec. 38a-11. (Formerly Sec. 38-50). Fees to be paid commissioner.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T38a_C697_S38a-11.md) - [Conn. Gen. Stat. § 38a-12 Sec. 38a-12. (Formerly Sec. 38-5). Annual report to Governor.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T38a_C697_S38a-12.md) - [Conn. Gen. Stat. § 38a-14 Sec. 38a-14. (Formerly Sec. 38-7). Examination of affairs of insurance companies, health care centers and corporations or associations collecting underwriting data. Costs. Transmission and provision of report.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T38a_C697_S38a-14.md) - [Conn. Gen. Stat. § 38a-14a Sec. 38a-14a. Examination of the financial condition of insurance companies.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T38a_C697_S38a-14a.md) - [Conn. Gen. Stat. § 38a-15 Sec. 38a-15. Market conduct examinations. Costs.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T38a_C697_S38a-15.md) - [Conn. Gen. Stat. § 38a-16 Sec. 38a-16. (Formerly Sec. 38-7a). Investigations and hearings by Insurance Commissioner. Subpoenas. Injunctive relief.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T38a_C697_S38a-16.md) - [Conn. Gen. Stat. § 38a-17 Sec. 38a-17. (Formerly Sec. 38-8). Authority of commissioner when business is being conducted improperly.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T38a_C697_S38a-17.md) - [Conn. Gen. Stat. § 38a-19 Sec. 38a-19. (Formerly Sec. 38-349). Hearings on orders of commissioner. Appeals.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T38a_C697_S38a-19.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CT_T38a_C697_S38a-14a. Check the current official text before relying on it. Not legal advice.