General Assembly Raised Bill No. 6771
January Session, 2015 LCO No. 3251
*03251_______INS*
Referred to Committee on INSURANCE AND REAL ESTATE
Introduced by:
(INS)
General Assembly
Raised Bill No. 6771
January Session, 2015
LCO No. 3251
*03251_______INS*
Referred to Committee on INSURANCE AND REAL ESTATE
Introduced by:
(INS)
AN ACT AUTHORIZING NONADMITTED INSURERS TO OPEN AN OFFICE IN THIS STATE.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. Section 38a-271 of the general statutes is amended by adding subsection (d) as follows (Effective October 1, 2015):
(NEW) (d) Nothing in sections 38a-271 to 38a-278, inclusive, shall be construed to prohibit a nonadmitted insurer from establishing an office in this state for the lawful transaction of surplus lines insurance.
This act shall take effect as follows and shall amend the following sections:
Section 1 October 1, 2015 38a-271
This act shall take effect as follows and shall amend the following sections:
Section 1
October 1, 2015
38a-271
Statement of Purpose:
To permit a nonadmitted insurer to establish an office in this state for the lawful transaction of surplus lines insurance.
[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.]