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CT HB06235

Bill

Status

Introduced

1/27/2011

Primary Sponsor

Insurance and Real Estate Committee

Click for details

Origin

House of Representatives

2011 General Assembly

AI Summary

  • Repeals and replaces Connecticut General Statutes Section 38a-307 effective October 1, 2011, establishing the standard form of fire insurance policy for the state.

  • Establishes coverage for direct loss by fire, lightning, and removal from premises endangered by insured perils, up to actual cash value without exceeding repair or replacement cost.

  • Requires insured to provide written notice of loss immediately, protect property from further damage, and submit proof of loss signed and sworn within 60 days (extendable by company).

  • Includes provisions for policy cancellation (insured may cancel anytime; company must provide 30 days' written notice for cancellation, 10 days for nonpayment).

  • Establishes appraisal process for disputed loss values, payment within 30 days of proof of loss receipt, and 18-month limitation period for lawsuits against the company.

Legislative Description

An Act Concerning The Standard Form Of Fire Insurance Policy.

Last Action

File Number 316

3/31/2011

Committee Referrals

Insurance and Real Estate1/27/2011

Full Bill Text

No bill text available