CT HB05262

Removes the requirement that property and casualty insurers obtain prior agreement from insureds before posting policies online or sending electronic notices of cancellation, nonrenewal, or policy changes; insureds retain the right to opt out and receive paper copies

Authorizes the State Insurance and Risk Management Board to establish reserves using surplus funds, Department of Administrative Services appropriations, and funds from the Office of Policy and Management, replacing the previous requirement to request funds from the contingency fund

Requires the Insurance Commissioner to review the Motor Vehicle Glass Model Act prepared by the National Council of Insurance Legislators and submit a report with recommendations to the General Assembly by January 1, 2027

Eliminates the Office of Health Strategy's annual study and reporting requirement on the cost impact of prescription drug formulary restrictions on health benefit plans

Effective dates: electronic notice provisions take effect July 1, 2026 (October 1, 2026 for policy posting); motor vehicle glass review and formulary reporting changes take effect upon passage