Bill > HB05262

This bill revises electronic notice requirements for property and casualty insurers, allowing them to post policies and endorsements online instead of mailing them, provided certain conditions are met, such as obtaining the insured's agreement to electronic delivery and providing a way to request paper copies. It also permits the State Insurance and Risk Management Board to fund reserves using surplus funds and other designated appropriations, rather than solely relying on a contingency fund, and requires the Insurance Commissioner to review the Motor Vehicle Glass Repair National Model and report recommendations to the legislature by January 1, 2027. Finally, the bill removes the Office of Health Strategy's obligation to conduct an annual study and report on the impact of prescription drug formulary rules on health benefit plan costs.

Business and Industry

Insurance and Real Estate Committee (Joint)

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05262&which_year=2026