Connecticut 2011 Regular Session

Connecticut Senate Bill SB00168 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	General Assembly Substitute Bill No. 168
2		-	January Session, 2011 _____SB00168INS___031611____
	1	+	General Assembly Committee Bill No. 168
	2	+	January Session, 2011 LCO No. 2619
	3	+	02619SB00168INS
	4	+	Referred to Committee on Insurance and Real Estate
	5	+	Introduced by:
	6	+	(INS)
3	7
4	8		General Assembly
5	9
6		-	~~Substitute~~ Bill No. 168
	10	+	Committee Bill No. 168
7	11
8	12		January Session, 2011
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10		-	~~_____SB00168INS___031611____~~
	14	+	LCO No. 2619
11	15
12		-	AN ACT CONCERNING LATE FEES FOR PERSONAL RISK INSURANCE POLICIES.
	16	+	02619SB00168INS
	17	+
	18	+	Referred to Committee on Insurance and Real Estate
	19	+
	20	+	Introduced by:
	21	+
	22	+	(INS)
	23	+
	24	+	AN ACT PROHIBITING LATE FEES FOR PERSONAL RISK INSURANCE POLICIES.
13	25
14	26		Be it enacted by the Senate and House of Representatives in General Assembly convened:
15	27
16	28		Section 1. Section 38a-323c of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2011):
17	29
18		-	Each insurer that assesses a fee for late payment of premium on a policy for personal risk insurance, as defined in section 38a-663, shall indicate the amount and applicability of the fee in a conspicuous manner on the bill sent to the policyholder. No such fee shall exceed twenty-five dollars. Each such insurer shall allow a policyholder a period of grace that is not less than ten days after the date a premium payment was due before the fee becomes payable.
	30	+	[Each] No insurer [that assesses] shall assess a fee for late payment of premium on a policy for personal risk insurance, as defined in section 38a-663. [, shall indicate the amount and applicability of the fee in a conspicuous manner on the bill sent to the policyholder.]
19	31
20	32
21	33
22	34
23	35		This act shall take effect as follows and shall amend the following sections:
24	36		Section 1 October 1, 2011 38a-323c
25	37
26	38		This act shall take effect as follows and shall amend the following sections:
27	39
28	40		Section 1
29	41
30	42		October 1, 2011
31	43
32	44		38a-323c
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	46	+	Statement of Purpose:
	47	+
	48	+	To prohibit insurers from assessing a fee for late payment of premium on a personal risk insurance policy.
	49	+
	50	+	[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]
34	51
35	52
36		-	INS Joint Favorable Subst.
37	53
38		-	~~INS~~
	54	+	Co-Sponsors: SEN. CRISCO, 17th Dist.
39	55
40		-	Joint Favorable Subst.
	56	+	Co-Sponsors:
	57	+
	58	+	SEN. CRISCO, 17th Dist.
	59	+
	60	+	S.B. 168