CT SB00210

Establishes cancellation notice requirements for homeowners insurance policies effective July 1, 2020, requiring insurers to provide 10 days' notice for nonpayment of premium and 30 days' notice for other reasons, with specific disclosures required in each case.

Allows policyholders to avoid cancellation by paying unpaid premiums before the cancellation effective date and requires insurers to refund excess premiums upon demand.

Exempts policy transfers between affiliated insurers from cancellation notice requirements if coverage continues without interruption and maintains identical terms, conditions, and policy limits.

Requires the Insurance Commissioner to disapprove credit life insurance and credit accident and health insurance forms that have a loss ratio below 50 percent unless the commissioner approves a premium rate deviation.

Reduces the required pre-examination course hours for insurance producer license applicants from 40 hours to 20 hours per line of insurance effective October 1, 2020.