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CT SB00168

Bill

Official Source

Status

Introduced

1/18/2011

Primary Sponsor

Joseph Crisco

Click for details

Origin

Senate

2011 General Assembly

AI Summary

  • Repeals and replaces Section 38a-323c of the general statutes regarding late fees on personal risk insurance policies effective October 1, 2011
  • Requires insurers to display the amount and applicability of late payment fees in a conspicuous manner on bills sent to policyholders
  • Caps late payment fees at a maximum of $25 per occurrence
  • Mandates insurers provide policyholders with a grace period of at least 10 days after the premium due date before any late fee becomes payable

Legislative Description

An Act Concerning Late Fees For Personal Risk Insurance Policies.

Last Action

File Number 303

3/31/2011

Committee Referrals

Insurance and Real Estate1/18/2011

Full Bill Text

No bill text available