Sec. 36a-833. Errors and omissions insurance policy; cash or securities deposit; letters of credit.
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/ct/title-36a/chapter-669-regulated-activities/36a-833·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.