Bill > HB06967

This bill establishes a comprehensive regulatory framework for post-loss insurance benefits assignment and home improvement contractor practices in Connecticut. Specifically, the bill creates a detailed process for assigning post-loss benefits under homeowners and commercial property insurance policies, which includes requirements that assignment agreements be in writing, provide clear notice to property owners about their rights, and include specific provisions like the right to rescind the agreement within a specified timeframe. The bill also introduces new restrictions on home improvement contractors, prohibiting them from soliciting insurance claims through certain advertising practices, offering rebates or gifts to induce roof inspections or insurance claims, and providing financial incentives for claim referrals. Additionally, the bill expands registration requirements for home improvement contractors and salespeople, mandating more comprehensive application disclosures, including business entity information, criminal history, and contact details. The legislation aims to protect property owners from predatory practices, ensure transparency in insurance claim assignments, and provide clearer guidelines for home improvement professionals. The bill will take effect in stages, with most provisions becoming operative on October 1, 2025, and the post-loss benefits assignment provisions taking effect on January 1, 2026.

Business and Industry

Insurance and Real Estate Committee (J)

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB06967&which_year=2025