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Bill > SB00191


CT SB00191

CT SB00191
An Act Exempting Nonprofit Organizations From The Insurance And Indemnity Bond Requirements.


summary

Introduced
01/08/2025
In Committee
01/08/2025
Crossed Over
Passed
Dead
06/04/2025

Introduced Session

2025 General Assembly

Bill Summary

To exempt nonprofit organizations from the insurance and indemnity bond requirements applicable to certain motor vehicle owners pursuant to subsection (a) of said section, provided the Commissioner of Motor Vehicles finds that such nonprofit organization has maintained sufficient financial responsibility to meet legal liability for personal injury, death or damage resulting from or caused by the use or operation of a service bus owned or operated by such nonprofit organization.

AI Summary

This bill proposes to amend section 14-29 of the general statutes to create an exemption from insurance and indemnity bond requirements for nonprofit organizations that operate service buses. Under the proposed legislation, nonprofit organizations would be freed from standard motor vehicle insurance and bonding mandates, but only if the Commissioner of Motor Vehicles determines that the organization has demonstrated sufficient financial responsibility to cover potential legal liabilities arising from personal injury, death, or damage caused by their service buses. This means that instead of having to maintain traditional insurance policies or indemnity bonds, nonprofit organizations can seek an alternative assessment of their financial capacity to handle potential legal claims. The bill aims to provide flexibility for nonprofit organizations while still ensuring that they can financially respond to any accidents or injuries that might occur during the operation of their service buses. The Commissioner of Motor Vehicles would have the discretionary authority to evaluate each nonprofit organization's financial standing and grant the exemption based on their assessment of the organization's ability to meet potential legal responsibilities.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Referred to Joint Committee on Insurance and Real Estate (on 01/08/2025)

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