| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | 3 | LCO No. 2195 1 of 1 | |
| 4 | 4 | ||
| 5 | 5 | General Assembly Proposed Bill No. 6493 | |
| 6 | 6 | January Session, 2019 | |
| 7 | 7 | LCO No. 2195 | |
| 8 | 8 | ||
| 9 | 9 | ||
| 10 | 10 | Referred to Committee on JUDICIARY | |
| 11 | 11 | ||
| 12 | 12 | ||
| 13 | 13 | Introduced by: | |
| 14 | 14 | REP. LUXENBERG, 12th Dist. | |
| 15 | 15 | ||
| 16 | 16 | ||
| 17 | 17 | ||
| 18 | 18 | AN ACT AUTHORIZING THE ATTORNEY GENERAL TO BRING AN | |
| 19 | 19 | ACTION AGAINST INSURANCE COMPANIES BECAUSE OF THEIR | |
| 20 | 20 | FAILURE TO DISCLOSE CERTAIN DOCUMENTS RELATING TO THE | |
| 21 | 21 | STATE'S CRUMBLING FOUNDATION CRISIS. | |
| 22 | 22 | Be it enacted by the Senate and House of Representatives in General | |
| 23 | 23 | Assembly convened: | |
| 24 | 24 | ||
| 25 | 25 | That chapter 35 of the general statutes be amended to authorize the 1 | |
| 26 | 26 | Attorney General to bring an action against insurance companies on 2 | |
| 27 | 27 | behalf of the shareholders of such companies who live in this state for 3 | |
| 28 | 28 | failing to disclose to the federal Securities and Exchange Commission 4 | |
| 29 | 29 | the liability these companies face in court actions as a result of the 5 | |
| 30 | 30 | state's crumbling foundation crisis. 6 | |
| 31 | 31 | Statement of Purpose: | |
| 32 | 32 | To protect and provide a financial remedy to shareholders of publicly | |
| 33 | 33 | traded insurance companies resulting from the failure of such | |
| 34 | 34 | companies to disclose to their shareholders the liabilities such | |
| 35 | 35 | companies face in court actions as a result of the state's crumbling | |
| 36 | 36 | foundation crisis. |