CT HB05064

Changes the effective date for hurricane deductible provisions in homeowners insurance policies from October 1, 2012 to October 1, 2015.

Allows insurers to impose hurricane deductibles in personal risk insurance policies, condominium master policies, and unit owners' association policies in lieu of overall policy deductibles when a hurricane warning is issued for any part of the state with maximum sustained winds of 74 miles per hour or more.

Requires hurricane deductibles to be offered on a state-wide basis rather than on a limited geographic basis.

Specifies that hurricane deductibles apply during the period from issuance of a National Hurricane Center warning until 24 hours after the warning is terminated or the hurricane is downgraded from hurricane status, whichever is earlier.

Authorizes the insurance commissioner to adopt regulations implementing these provisions consistent with current Insurance Department guidelines and bulletins regarding hurricane deductibles.