Connecticut 2015 Regular Session

Connecticut Senate Bill SB00755 Compare Versions

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11 General Assembly Committee Bill No. 755
22 January Session, 2015 LCO No. 3400
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3+ *03400SB00755INS*
44 Referred to Committee on INSURANCE AND REAL ESTATE
55 Introduced by:
66 (INS)
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88 General Assembly
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1010 Committee Bill No. 755
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1212 January Session, 2015
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1414 LCO No. 3400
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1818 Referred to Committee on INSURANCE AND REAL ESTATE
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2020 Introduced by:
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2222 (INS)
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2424 AN ACT REQUIRING THE INSURANCE COMMISSIONER TO STUDY AND REPORT ON THE NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS' INTERSTATE INSURANCE PRODUCT REGULATION COMPACT.
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2626 Be it enacted by the Senate and House of Representatives in General Assembly convened:
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2828 Section 1. (Effective from passage) The Insurance Commissioner shall study the National Association of Insurance Commissioners' Interstate Insurance Product Regulation Compact and submit a report, not later than January 1, 2016, to the joint standing committee of the General Assembly having cognizance of matters relating to insurance, in accordance with the provisions of section 11-4a of the general statutes. Such report shall examine the impact of entering into said compact on the insurance market in the state, including, but not limited to, changes in product development and to time frames for new products to be marketed in the state, effects on consumer protections and innovation in the state, any insurance products unique to the state that may be affected by entering into said compact and effects on the regulatory process in the state.
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3333 This act shall take effect as follows and shall amend the following sections:
3434 Section 1 from passage New section
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3636 This act shall take effect as follows and shall amend the following sections:
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3838 Section 1
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4040 from passage
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4242 New section
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44+Statement of Purpose:
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46+To require the Insurance Commissioner to study and report on the National Association of Insurance Commissioners' Interstate Insurance Product Regulation Compact.
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48+[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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46-INS Joint Favorable
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48-INS
52+Co-Sponsors: SEN. KELLY, 21st Dist.
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50-Joint Favorable
54+Co-Sponsors:
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56+SEN. KELLY, 21st Dist.
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58+S.B. 755