Summary of SB 1039 (Public Act No. 23-127)

• Establishes comprehensive fee schedule for Connecticut insurance licensing and services including domestic insurance companies ($200 annual), insurance producers ($80), surplus lines brokers ($625), and newly adds certified reinsurers and reciprocal jurisdiction reinsurers ($2,000 each), effective October 1, 2023.

• Modifies insurance licensing requirements under Section 38a-769 to allow nonresidents without licenses in other states to obtain Connecticut nonresident licenses if they maintain principal place of business in state, and permits residents in states lacking specific license types to designate Connecticut as their home state.

• Removes age 40 limitation from individual and group health insurance infertility coverage, eliminates 12-month coverage waiting period requirement, and prohibits discrimination based on gender identity, sexual orientation, or age in infertility treatment coverage effective January 1, 2024 (with age exceptions permitted for medical necessity).

• Makes technical corrections removing subdivision (6) references throughout health insurance policy provisions related to dependent child coverage, adoption, and newborn children to align statutory citations.

• Requires Commissioner to allow electronic fee payment with exceptions for hardship or good cause, and clarifies infertility coverage applies to individual and group policies with religious employer exemptions.