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CT SB01118

Bill

Official Source

Status

Introduced

3/2/2011

Primary Sponsor

Insurance and Real Estate Committee

Click for details

Origin

Senate

2011 General Assembly

AI Summary

  • Allows insurers licensed for both life and health insurance to combine life insurance, endowment insurance, annuities, or pure endowment insurance with long-term care insurance within a single premium policy or contract.

  • Permits the long-term care insurance rider to be funded through monthly charges deducted from the single premium payment on the base policy.

  • Overrides conflicting provisions in sections 38a-430, 38a-481, and 38a-501 of the general statutes and related regulations.

  • Takes effect immediately upon passage and amends section 38a-458a of the general statutes.

Legislative Description

An Act Clarifying Single Premium Linked Insurance Products.

Last Action

File Number 122

3/21/2011

Committee Referrals

Insurance and Real Estate3/2/2011

Full Bill Text

No bill text available