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CT SB00008

Bill

Official Source

Status

Engrossed

4/22/2015

Primary Sponsor

Insurance and Real Estate Committee

Click for details

Origin

Senate

2015 General Assembly

AI Summary

  • Requires insurers delivering, issuing, renewing, amending, or endorsing personal and commercial risk insurance policies to disclose any fees charged for processing premium payments to applicants and insureds.

  • Applies to policies issued on or after October 1, 2015.

  • Mandates that insurers or billing service providers conspicuously display premium processing fees on each billing notice sent to policyholders.

  • Takes effect October 1, 2015.

Legislative Description

An Act Concerning The Disclosure Of Fees For The Processing Of Personal And Commercial Risk Insurance Policy Premium Payments.

Last Action

House Calendar Number 469

4/24/2015

Committee Referrals

Insurance and Real Estate1/7/2015

Full Bill Text

No bill text available