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CT HB06870

Bill

Official Source

Status

Engrossed

5/6/2015

Primary Sponsor

Insurance and Real Estate Committee

Click for details

Origin

House of Representatives

2015 General Assembly

AI Summary

  • Adds subdivision (23) to Section 38a-816 of Connecticut General Statutes, effective October 1, 2015
  • Requires insurance companies, health care centers, hospitals, and similar entities to refund overpaid premiums within 30 days of policy cancellation or receipt of refund request for individual health insurance policies
  • Mandates payment of 15% annual interest on any refund issued more than 30 days after cancellation or refund request
  • Applies to entities delivering, issuing, renewing, amending or continuing individual health insurance policies under Section 38a-469

Legislative Description

An Act Concerning The Connecticut Unfair Insurance Practices Act.

Last Action

File Number 794

5/8/2015

Committee Referrals

Insurance and Real Estate2/20/2015

Full Bill Text

No bill text available