CT SB00241

Requires private passenger motor vehicle liability insurance policies to remain in force for at least 60 days after an insurance company receives notice of the registered owner's death, provided required premium payments are made.

Modifies cancellation notice requirements to specify that notice must be sent to both the named insured and any third party designee by registered mail, certified mail, or mail with certificate of mailing at least 45 days before cancellation (or 15 days for nonpayment of first premium, 10 days for other nonpayment).

Requires insurance companies to provide a warning notice with cancellation notices informing the insured about Motor Vehicles Commissioner notification, potential registration suspension, and the requirement to provide evidence of required insurance coverage and enter into a consent agreement to restore registration.

Requires insurance companies to send written notice of cancellation to any lienholder shown in company records as having a legal interest in the motor vehicle.

Caps cancellation fees at $100 in the aggregate for policyholders who cancel prior to policy expiration; effective October 1, 2015.