CT SB00201

Insurers issuing individual life insurance policies in Connecticut on or after January 1, 2015 must notify applicants in writing of their right to designate a third party to receive cancellation notices for nonpayment of premium.

Applicants may designate a third-party recipient at the time of application or at any time while the policy is in force by submitting written notice with the designee's name and address to the insurer.

Insurers must transmit a copy of any cancellation notice for nonpayment to the designated third party in addition to sending the original notice to the policyholder.

The notice transmitted to the third party is governed by the same laws and policy provisions as the notice sent to the policyholder.

Designating a third party does not create liability for the third party or insurer in relation to services provided to the policyholder.