summary
Introduced
01/23/2025
01/23/2025
In Committee
06/04/2025
06/04/2025
Crossed Over
06/04/2025
06/04/2025
Passed
Dead
Introduced Session
Potential new amendment
2025 General Assembly
Bill Summary
To: (1) Allow for service of process and notice of suspension or revocation of a license to be provided by electronic mail; (2) remove the requirement that insurers conduct at least one audit of such insurers' third-party administrator on-site; (3) require that any insurer report to the Insurance Commissioner any termination of such insurer's agent not later than thirty days after the date of such termination; and (4) eliminate the requirement that insurers provide an annual report concerning such insurers' investigations of automobile insurance fraud.
AI Summary
This bill introduces several changes to insurance market conduct and licensing regulations in Connecticut. The bill allows for service of process and notices of license suspension or revocation to be provided via electronic mail, expanding communication methods for the insurance industry. It removes the requirement that insurers conduct at least one on-site audit of their third-party administrators, giving more flexibility in how these reviews are conducted. The bill mandates that insurers report the termination of an agent to the Insurance Commissioner within 30 days, enhancing transparency in agent-insurer relationships. Additionally, the legislation eliminates the annual reporting requirement for automobile insurance fraud investigations, reducing administrative burden on insurers. These changes aim to modernize insurance industry communications, streamline administrative processes, and provide more flexibility for insurers while maintaining regulatory oversight. The bill is set to take effect on October 1, 2025, and will amend several existing sections of Connecticut's general statutes related to insurance regulations, licensing, and administrative procedures.
Committee Categories
Business and Industry
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Insurance and Real Estate Committee (J)
Last Action
Senate Calendar Number 630 (on 06/04/2025)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB06437&which_year=2025 |
| Fiscal Note for HB-6437, As Amended by House "A" (LCO 9934) | https://www.cga.ct.gov/2025/FN/PDF/2025HB-06437-R01-FN.PDF |
| House Schedule A LCO# 9934 (D) | https://www.cga.ct.gov/2025/amd/H/pdf/2025HB-06437-R00HA-AMD.pdf |
| House LCO Amendment #9934 (D) | https://www.cga.ct.gov/2025/lcoamd/pdf/2025LCO09934-R00-AMD.pdf |
| Fiscal Note for Amendment LCO 9934 (Eliminates Fiscal Impact in Bill) | https://www.cga.ct.gov/2025/fna/pdf/2025HB-06437-R00LCO09934-FNA.PDF |
| Bill Analysis For File Copy 64 | https://www.cga.ct.gov/2025/BA/PDF/2025HB-06437-R000064-BA.PDF |
| Fiscal Note For File Copy 64 | https://www.cga.ct.gov/2025/FN/PDF/2025HB-06437-R000064-FN.PDF |
| BillText | https://www.cga.ct.gov/2025/TOB/H/PDF/2025HB-06437-R01-HB.PDF |
| BillText | https://www.cga.ct.gov/2025/TOB/H/PDF/2025HB-06437-R00-HB.PDF |
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