General Assembly Proposed Bill No. 5629
January Session, 2013 LCO No. 2103
Referred to Committee on INSURANCE AND REAL ESTATE
Introduced by:
REP. LESSER, 100th Dist. REP. SERRA, 33rd Dist. SEN. DOYLE, 9th Dist. SEN. BARTOLOMEO, 13th Dist.
General Assembly
Proposed Bill No. 5629
January Session, 2013
LCO No. 2103
Referred to Committee on INSURANCE AND REAL ESTATE
Introduced by:
REP. LESSER, 100th Dist.
REP. SERRA, 33rd Dist.
SEN. DOYLE, 9th Dist.
SEN. BARTOLOMEO, 13th Dist.
AN ACT CONCERNING THE ASSESSMENT METHODOLOGY USED FOR THE EXPENDITURES OF THE INSURANCE DEPARTMENT AND THE OFFICE OF THE HEALTHCARE ADVOCATE.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to limit the assessment imposed pursuant to section 38a-48 of the general statutes to one per cent of the actual expenditures of the Insurance Department and the Office of the Healthcare Advocate for domestic property and casualty insurance companies and domestic life insurance companies that are not eligible for a tax credit under section 12-202 of the general statutes and whose net direct premiums written in this state equal or exceed twenty-five per cent of their national net direct premiums.
Statement of Purpose:
To limit the amount of the assessment imposed pursuant to section 38a-48 of the general statutes on small and mid-size property and casualty insurance companies and life insurance companies domiciled in this state.