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GLASTONBURY CO. v. GILLIES

(13431)

209 Conn. 175 (1988)

THE GLASTONBURY COMPANY ET AL. v. PETER W. GILLIES, INSURANCE COMMISSIONER, ET AL.

Supreme Court of Connecticut.

Decision released November 15, 1988.

Attorney(s) appearing for the Case

Jane D. Comerford, assistant attorney general, with whom, on the brief, was Joseph I. Lieberman, attorney general, for the appellant (named defendant).

Daniel L. FitzMaurice, with whom were Harvey A. Katz and, on the brief, Allan B. Taylor, for the appellees (plaintiffs).

Peter T. Zarella and Steven W. Varney filed a brief for the department of banking as amicus curiae.

PETERS, C. J., SHEA, CALLAHAN, GLASS and COVELLO, JS.

CALLAHAN, J.

This case involves the eligibility of a subsidiary of a lending institution and one of its officers to be licensed to sell insurance under the provisions of General Statutes § 38-72a (b) and (c). Under such provisions the state insurance commissioner cannot issue a license to sell fire, casualty, life or health insurance to a bank subsidiary or to any of its officers or employees. Such organizations, however, lawfully licensed on October 1, 1973...

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