CT HB05502

Prohibits insurers from refusing to renew homeowners policies solely based on the insured's failure to install or have storm shutters on the property, effective October 1, 2014.

Prohibits declination, cancellation, or nonrenewal of homeowners policies based solely on losses from catastrophic events declared by a nationally recognized catastrophe loss index provider.

Prohibits cancellation or nonrenewal of homeowners policies based solely on claims resulting in less than $500 in loss coverage payments, unless the insured filed multiple non-catastrophic claims within three prior policy years.

Requires public adjusters to provide mandatory employment contracts with cancellation rights within four business days and prohibits solicitation between 8:00 p.m. and 8:00 a.m.; contracts violating these requirements are void.

Allows insurers to offer flood insurance on a less than statewide basis and requires surplus lines policies to bear a notice stating they are not protected by the Connecticut Insurance Guaranty Association, effective January 1, 2015.