General Assembly Raised Bill No. 927
January Session, 2017 LCO No. 4433
*04433_______INS*
Referred to Committee on INSURANCE AND REAL ESTATE
Introduced by:
(INS)
General Assembly
Raised Bill No. 927
January Session, 2017
LCO No. 4433
*04433_______INS*
Referred to Committee on INSURANCE AND REAL ESTATE
Introduced by:
(INS)
AN ACT CONCERNING A STUDY OF TIME-LIMITED INSURANCE.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (Effective from passage) (a) The Insurance Commissioner shall conduct a study regarding the sale and potential sale of time-limited insurance policies in this state. For purposes of this section, "time-limited insurance policy" means any insurance policy that an insured may activate, reactivate and deactivate on demand.
(b) Not later than October 1, 2017, the commissioner, in accordance with the provisions of section 11-4a of the general statutes, shall report the results of the study conducted under subsection (a) of this section to the joint standing committee of the General Assembly having cognizance of matters relating to insurance. Such report may include the commissioner's recommendations concerning legislation authorizing insurance companies to sell time-limited insurance policies in this state.
This act shall take effect as follows and shall amend the following sections:
Section 1 from passage New section
This act shall take effect as follows and shall amend the following sections:
Section 1
from passage
New section
Statement of Purpose:
To require the Insurance Commissioner to conduct a study regarding time-limited 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.]