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CT SB00069

Bill

Official Source

Status

Passed

6/24/2015

Primary Sponsor

Insurance and Real Estate Committee

Click for details

Origin

Senate

2015 General Assembly

AI Summary

  • Extends the deadline for personal risk insurance rate filings under the simplified filing procedure from July 1, 2015 to July 1, 2017
  • Allows insurers to file rates that take effect immediately upon filing if the overall statewide rate change does not exceed 6 percent and individual territory increases do not exceed 15 percent
  • Permits only one filing per insurer within any 12-month period unless combined filings stay within the 6 percent statewide and 15 percent individual territory limits
  • Applies to all personal risk insurance coverages except residual market rates
  • Effective date: June 30, 2015

Legislative Description

An Act Concerning Personal Risk Insurance Rate Filings.

Last Action

Signed by the Governor

6/24/2015

Committee Referrals

Insurance and Real Estate1/14/2015

Full Bill Text

No bill text available