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CT SB01322
Bill
Status
2/14/2025
Primary Sponsor
Insurance and Real Estate Committee
Click for details
AI Summary
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Insurance Commissioner must study the feasibility of allowing nonprofit organizations to pool their liability insurance policies (general and automobile liability) and establishing a captive insurance company to insure such a pool
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Insurance Commissioner must study homeowners insurance practices that require policyholders to make repairs or modifications to their properties as a condition of obtaining or maintaining coverage
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Homeowners insurance study must examine the frequency, nature, financial impact on policyholders, reasonableness of required modifications, and practices in other states
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Both studies require reports to the General Assembly's Insurance Committee by February 1, 2026
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Act takes effect upon passage
Legislative Description
An Act Requiring Studies Of Insurance Pooling For Nonprofit Organizations And Certain Practices By Homeowners Insurance Companies.
Last Action
Favorable Report, Tabled for the Calendar, Senate
5/27/2025