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CT HB05253

Bill

Official Source

Status

Introduced

2/22/2024

Primary Sponsor

Insurance and Real Estate Committee

Click for details

Origin

House of Representatives

2024 General Assembly

AI Summary

  • Insurance Commissioner shall study the feasibility of allowing nonprofit entities to pool general liability insurance and automobile liability insurance policies
  • Insurance Commissioner shall study the feasibility of establishing a captive insurance company to insure the risk of pooled nonprofit insurance
  • Insurance Commissioner must report findings to the joint standing committee on insurance no later than January 1, 2025
  • Act takes effect upon passage
  • Report must comply with section 11-4a of the general statutes

Legislative Description

An Act Requiring A Feasibility Study Of Insurance Pooling For Nonprofit Entities.

Last Action

Public Hearing 02/27

2/23/2024

Committee Referrals

Insurance and Real Estate2/22/2024

Full Bill Text

No bill text available