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CT SB00031

Bill

Official Source

Status

Introduced

2/5/2016

Primary Sponsor

Insurance and Real Estate Committee

Click for details

Origin

Senate

2016 General Assembly

AI Summary

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

  • Applies to insurers and entities providing billing services on or after October 1, 2016.

  • Mandates that processing fees be conspicuously displayed on each premium billing notice.

  • Takes effect October 1, 2016 and creates a new statutory section.

Legislative Description

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

Last Action

Senate Recommitted to Insurance and Real Estate

4/19/2016

Committee Referrals

Insurance and Real Estate2/5/2016

Full Bill Text

No bill text available