Connecticut House Bill HB05635

Connecticut 2013 Regular Session

• Introduced: 1/23/13
• Refer: 1/23/13

Caption

An Act Concerning The Time Frame For Provision Of A Completed Insurance Application Form By An Insurance Producer To An Applicant.

Impact

If enacted, the bill would significantly affect the dynamics of the insurance application process in Connecticut. By defining a specific timeframe for the provision of application forms, it aims to foster greater accountability among insurance producers. This change is expected to improve the applicant's understanding of their coverage and reduce potential disputes or misunderstandings that may arise during the approval process. Additionally, the bill could enhance customer satisfaction and trust in insurance providers by promoting a more transparent application process.

Summary

House Bill 05635 aims to amend Title 38a of the general statutes by mandating that insurance producers, or their designees, provide applicants with a completed insurance application form within five business days after the application is submitted. This is intended to enhance transparency and ensure that applicants have ample time to review and approve the terms of their coverage before proceeding further. The proposed legislation is a response to concerns regarding the timely communication of necessary documentation from insurance providers to individuals seeking coverage.

Contention

While the bill presents a clear benefit in terms of consumer rights and protection, there may be concerns regarding how this additional requirement could impact insurance producers. Some in the industry might argue that the five-day period is too short, potentially placing undue pressure on them to process applications swiftly. Additionally, there may be discussions about the costs associated with implementing such changes, particularly in ensuring compliance with the new timeframes. Stakeholders will likely debate the balance between improving consumer access and protecting the operational capacities of insurance providers.