General Assembly Substitute Bill No. 8
January Session, 2015 *_____SB00008INS___021115____*
General Assembly
Substitute Bill No. 8
January Session, 2015
*_____SB00008INS___021115____*
AN ACT CONCERNING THE DISCLOSURE OF FEES FOR THE PROCESSING OF PERSONAL AND COMMERCIAL RISK INSURANCE POLICY PREMIUM PAYMENTS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (NEW) (Effective October 1, 2015) Each insurer that delivers, issues for delivery, renews, amends or endorses a personal risk or commercial risk insurance policy, as both terms are defined in section 38a-663 of the general statutes, on or after October 1, 2015, shall disclose to an applicant and each insured any fees for the processing of premium payments charged by such insurer or other entity that provides billing services to such insurer. The insurer or other entity that provides billing services to an insurer shall conspicuously display any such fee on each premium billing notice.
This act shall take effect as follows and shall amend the following sections:
Section 1 October 1, 2015 New section
This act shall take effect as follows and shall amend the following sections:
Section 1
October 1, 2015
New section
INS Joint Favorable Subst.
INS
Joint Favorable Subst.