Bill > SB00449

This bill requires quarterly public hearings for insurance companies operating under the Employee Retirement Income Security Act (ERISA) in Connecticut. ERISA is a federal law that sets minimum standards for pension and health benefit plans in private industry to provide protection for individuals in these plans. The bill aims to increase transparency and accountability by mandating that insurance companies operating under ERISA hold public hearings four times a year, allowing for greater public oversight of their operations, practices, and potential impacts on Connecticut residents. By requiring these regular public forums, the legislation seeks to give citizens and stakeholders an opportunity to ask questions, raise concerns, and gain insights into how these insurance companies are managing employee benefit plans within the state.

Business and Industry

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00449&which_year=2025