Conn. Gen. Stat. § 36a-833: Errors and omissions insurance policy; cash or securities deposit; letters of credit.
Where this section sits in the code
- TITLE 36a. THE BANKING LAW OF CONNECTICUT
- CHAPTER 669*. REGULATED ACTIVITIES
- PART XIII. EXCHANGE FACILITATORS
An exchange facilitator at all times shall: (1) Maintain an errors and omissions policy of insurance in an amount not less than two hundred fifty thousand dollars executed by an insurer authorized to do business in this state; or (2) deposit an amount of cash or securities or provide irrevocable letters of credit in an amount not less than two hundred fifty thousand dollars.
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