Bill Summary: SB00403

• Grants the Insurance Commissioner authority to order restitution plus interest for violations of insurance laws, with penalties up to $100,000 per violation enforceable through Superior Court action by the Attorney General.

• Establishes 30-day compliance deadline for persons receiving commissioner orders to produce books, records, papers, or documents, with court enforcement available for non-compliance.

• Exempts data provided in response to data calls from public disclosure requirements under Connecticut's freedom of information law.

• Expands Insurance Department's market conduct examination authority to include third-party service providers (such as those collecting or providing data and data models) to insurance companies, health care centers, and fraternal benefit societies.

• Revises license renewal schedule for motor vehicle physical damage appraisers and casualty claims adjusters from June 30 of odd-numbered years to two years after the licensee's preceding birthday, effective October 1, 2024.