CT HB05365

Amends the notice required on surplus lines insurance policies to include language stating policies are "not subject to review by the Connecticut Insurance Department" and emphasizing the importance of reading the policy.

Requires surplus lines brokers to disclose to exempt commercial purchasers that insurance may or may not be available from authorized insurers and obtain written request before procuring from unauthorized insurers.

Exempts flood insurance policies, including those from the National Flood Insurance Program, from the requirement to file signed statements showing inability to obtain coverage from authorized insurers.

Effective October 1, 2014, with changes to sections 38a-745 and 38a-741 of the general statutes.