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CT HB05444
Bill
Status
6/6/2016
Primary Sponsor
Insurance and Real Estate Committee
Click for details
AI Summary
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Allows the Connecticut Health Insurance Exchange to procure equivalent insurance products in place of traditional surety bonds for board members, the CEO, and employees, with costs paid by the exchange.
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Allows the Connecticut Airport Authority to procure equivalent insurance products in place of traditional surety bonds for board members, the executive director, and employees, with costs paid by the authority.
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Removes the requirement that surety bonds be approved by the Attorney General and filed with the Secretary of the State.
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Requires insurance products to be issued by companies authorized to transact business in Connecticut for surety or equivalent insurance purposes.
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Effective October 1, 2016.
Legislative Description
An Act Concerning The Execution Of Surety Bonds By The Connecticut Health Insurance Exchange And The Connecticut Airport Authority.
Last Action
Signed by the Governor
6/6/2016