General Assembly Substitute Bill No. 6870
January Session, 2015 *_____HB06870INS___031015____*
General Assembly
Substitute Bill No. 6870
January Session, 2015
*_____HB06870INS___031015____*
AN ACT CONCERNING THE CONNECTICUT UNFAIR INSURANCE PRACTICES ACT.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. Section 38a-816 of the general statutes is amended by adding subdivision (23) as follows (Effective October 1, 2015):
(NEW) (23) With respect to an insurance company, health care center, hospital service corporation, medical service corporation, fraternal benefit society or other entity that delivers, issues for delivery, renews, amends or continues an individual health insurance policy providing coverage of the types specified in section 38a-469, failing to refund any overpaid premium made by a policyholder for coverage under such policy not later than thirty days after such policy is cancelled or such company, center, corporation, society or other entity receives the refund request from the policyholder. Such company, center, corporation, society or other entity shall include, if such refund is issued more than thirty days after such cancellation or request, interest at the rate of fifteen per cent per annum.
This act shall take effect as follows and shall amend the following sections:
Section 1 October 1, 2015 38a-816
This act shall take effect as follows and shall amend the following sections:
Section 1
October 1, 2015
38a-816
INS Joint Favorable Subst.
INS
Joint Favorable Subst.