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CT HB05010
Bill
Status
Engrossed
4/17/2012
Primary Sponsor
Insurance and Real Estate Committee
Click for details
AI Summary
- Repeals and replaces Section 38a-745 of the Connecticut general statutes regarding surplus lines insurance policies
- Removes reference to Section 38a-777 from the required disclosure notice
- Expands the mandatory notice on surplus lines insurance policy covers to include language stating policies are "NOT PROTECTED BY THE CONNECTICUT INSURANCE GUARANTY ASSOCIATION OR SUBJECT TO APPROVAL BY THE CONNECTICUT INSURANCE DEPARTMENT" and advising policyholders to "READ AND UNDERSTAND THIS POLICY"
- Requires the notice to appear in not less than twelve-point boldface type in capital letters
- Takes effect October 1, 2012
Legislative Description
An Act Concerning The Disclosure Notice For Surplus Lines Insurance Policies.
Last Action
Senate Calendar Number 361
4/18/2012
Committee Referrals
Insurance and Real Estate2/8/2012
Full Bill Text
No bill text available