Sec. 38a-357-2 - Definitions

ยง 38a-357-2. Definitions

As used in Section 38a-357-1 to 38a-357-8, inclusive of the Regulations of Connecticut State Agencies:

(a) "Central Index Reporting Bureau" or "Central Organization" means the National Insurance Crime Bureau (NICB).

(b) "Commissioner" means the insurance commissioner of this State.

(c) "Component Part" means any major part of a motor vehicle, other than a tire, having a manufacturer's identification number or other unique identifier issued in accordance with the laws of this or any other state, jurisdiction, or country.

(d) "Constructive Total Loss" means the cost to repair and/or the cost to salvage damaged property equals or exceeds the total value of the property at the time of loss.

(e) "Fraud" means a false representation of a matter of fact, by words or by conduct, by false or misleading allegations, or by concealment of that which should have been disclosed, which deceives and is intended to deceive an insurer in order to induce it to part with property or surrender some legal right.

(f) "Fraudulent" means characterized, based on, or committed by fraud.

(g) "Fraudulent Act" means action or inaction characterized, based on, or committed by fraud.

(h) "Insurer" means a corporation, company, partnership, association, society, order, individual, or combination of individuals engaged in the business of comprehensive or other insurance.

(i) "Motor Vehicle" means every device in, upon, or by which any person or property is or may be transported or drawn upon a highway, including every vehicle which is self-propelled, except devices propelled or drawn by human power and devices used exclusively upon stationary rails or tracks.

(Effective September 25, 1992; Amended June 26, 1997)

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