Connecticut 2015 Regular Session

Connecticut House Bill HB05064 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1		General Assembly Committee Bill No. 5064
2	2		January Session, 2015 LCO No. 5025
3		-	~~_____HB05064INS___031915____~~
	3	+	05025HB05064INS
4	4		Referred to Committee on INSURANCE AND REAL ESTATE
5	5		Introduced by:
6	6		(INS)
7	7
8	8		General Assembly
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10	10		Committee Bill No. 5064
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12	12		January Session, 2015
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14	14		LCO No. 5025
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16		-	~~_____HB05064INS___031915____~~
	16	+	05025HB05064INS
17	17
18	18		Referred to Committee on INSURANCE AND REAL ESTATE
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20	20		Introduced by:
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22	22		(INS)
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24	24		AN ACT CONCERNING HURRICANE DEDUCTIBLES FOR HOMEOWNERS INSURANCE POLICIES.
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26	26		Be it enacted by the Senate and House of Representatives in General Assembly convened:
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28	28		Section 1. Subsection (b) of section 38a-316a of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2015):
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30	30		(b) (1) For a (A) personal risk insurance policy, as defined in section 38a-663, other than a private passenger nonfleet automobile insurance policy, (B) condominium association master policy under section 47-83, or (C) unit owners' association property insurance policy under section 47-255, issued or renewed on or after October 1, [2012] 2015, an insurer may impose a hurricane deductible in such policy in lieu of an overall policy deductible during the period commencing with the issuance of a hurricane warning by the National Hurricane Center of the National Weather Service in any part of the state if such hurricane results in a maximum sustained surface wind of seventy-four miles per hour or more for any part of this state. Any hurricane deductible shall be offered on a state-wide basis.
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32	32		(2) Such imposition shall be applied during the period (A) commencing not earlier than the National Weather Service National Hurricane Center's issuance of a hurricane warning for any part of this state, and (B) ending twenty-four hours after said National Hurricane Center's termination of the last hurricane warning for any part of this state or twenty-four hours after said National Hurricane Center's last downgrade of the hurricane from hurricane status for any part of this state, whichever is earlier.
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34	34		(3) The commissioner may adopt regulations, in accordance with the provisions of chapter 54, to implement the provisions of subdivision (1) of this subsection and the most current guidelines and bulletins issued by the Insurance Department and in effect that pertain to hurricane deductibles.
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39	39		This act shall take effect as follows and shall amend the following sections:
40	40		Section 1 October 1, 2015 38a-316a(b)
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42	42		This act shall take effect as follows and shall amend the following sections:
43	43
44	44		Section 1
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46	46		October 1, 2015
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48	48		38a-316a(b)
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	50	+	Statement of Purpose:
	51	+
	52	+	To require a hurricane deductible to be offered on a state-wide basis.
	53	+
	54	+	[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.]
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52		-	INS Joint Favorable
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54		-	~~INS~~
	58	+	Co-Sponsors: REP. SCOTT, 40th Dist.
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56		-	Joint Favorable
	60	+	Co-Sponsors:
	61	+
	62	+	REP. SCOTT, 40th Dist.
	63	+
	64	+	H.B. 5064