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CT HB05255

Bill

Status

Introduced

2/22/2024

Primary Sponsor

Insurance and Real Estate Committee

Click for details

Origin

House of Representatives

2024 General Assembly

AI Summary

  • The Insurance Commissioner, in consultation with the Commissioner of Agriculture, shall conduct a feasibility study for establishing a captive insurance company to provide financial assistance to farmers impacted by severe weather

  • The Insurance Commissioner must report findings and recommendations to the joint standing committee on insurance by January 1, 2025, in accordance with section 11-4a of the general statutes

  • The act takes effect upon passage

Legislative Description

An Act Requiring A Study Of The Feasibility Of Establishing A Captive Insurance Company To Provide Financial Assistance To Farmers Impacted By The Effects Of Severe Weather.

Last Action

Public Hearing 02/27

2/23/2024

Committee Referrals

Insurance and Real Estate2/22/2024

Full Bill Text

No bill text available