Corporations Other Than Banking Institutions
Acting In A Fiduciary Capacity With Respect to Certain Funds
Connecticut's Banking Commissioner may license certain corporations, other than banking institutions, to act as trustees. Such corporations may receive property in trust and execute and administer trusts to the extent and in the manner authorized by the charter of such corporations or by any general or special law of Connecticut, but not otherwise. An example would be a firm which acts as an escrow agent with respect to funds used to purchase an irrevocable pre-planned funeral purchase contract, and subsequently invests and administers such funds held in escrow.
The following corporations have been licensed by the Connecticut Department of Banking, pursuant to Section 36a-380 of the General Statutes, to act in a fiduciary capacity with respect to certain funds.
Access Financial Group, Inc.
118 North Clinton, Suite 450
Chicago, IL 60661
Telephone: (312) 655-8230
CEO: Victor C. Chigas, Director
Forethought Life Insurance Company
Batesville, IN 47006
Telephone: (812) 934-7340
CEO: Richard Coffin, Executive VP and CEO
Planned Lifetime Assistance Network
of Connecticut, Inc.
75 Charter Oak Avenue, Suite 1-101
Hartford, CT 06106
P.O. Box 4280
Hartford, CT 06147
Telephone: (860) 523-4951
Executive Director: Kerry Tedford-Coles