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CT SB00924

Bill

Status

Engrossed

4/19/2017

Primary Sponsor

Insurance and Real Estate Committee

Click for details

Origin

Senate

2017 General Assembly

AI Summary

  • Requires health carriers offering qualified health plans through the Connecticut Health Insurance Exchange to pay reasonable commissions to insurance producers who assist individuals or small employers in selecting plans, effective January 1, 2018.

  • Mandates the exchange establish a schedule of reasonable commissions that health carriers must pay to insurance producers.

  • Establishes a complaint system within the exchange to handle written complaints from insurance producers regarding health carriers' failure to pay commissions, with the exchange maintaining records of all complaints.

  • Grants the Insurance Commissioner authority to examine the exchange's complaint and recordkeeping systems and require revisions if inadequate, and requires the exchange's chief executive officer to report non-compliant health carriers to the commissioner.

  • Allows health carriers to appeal commissioner orders or decisions under the provisions of state insurance law section 38a-19.

Legislative Description

An Act Requiring That Health Carriers Using The Connecticut Health Insurance Exchange Pay A Minimum Commission To Certain Insurance Producers.

Last Action

House Calendar Number 444

4/20/2017

Committee Referrals

Insurance and Real Estate2/24/2017

Full Bill Text

No bill text available