General Assembly Substitute Bill No. 6470
January Session, 2011 *_____HB06470INS___031711____*
General Assembly
Substitute Bill No. 6470
January Session, 2011
*_____HB06470INS___031711____*
AN ACT REQUIRING THE INSURANCE DEPARTMENT TO STUDY AND REPORT ON THE NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS' INTERSTATE INSURANCE PRODUCT REGULATION COMPACT.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (Effective from passage) The Insurance Department shall study the National Association of Insurance Commissioners' Interstate Insurance Product Regulation Compact and submit a report, not later than January 1, 2012, to the joint standing committee of the General Assembly having cognizance of matters relating to insurance, in accordance with the provisions of section 11-4a of the general statutes. Such report shall examine the impact of entering into said compact on the insurance market in the state, including, but not limited to, changes in product development and to timeframes for new products to be marketed in the state, effects on consumer protections and innovation in the state, any insurance products unique to the state that may be affected by entering into said compact and effects on the regulatory process in the state.
This act shall take effect as follows and shall amend the following sections:
Section 1 from passage New section
This act shall take effect as follows and shall amend the following sections:
Section 1
from passage
New section
INS Joint Favorable Subst.
INS
Joint Favorable Subst.