OLR Bill Analysis

sSB 212

AN ACT LIMITING CANCELLATION FEES FOR AUTOMOBILE INSURANCE POLICYHOLDERS WHO CANCEL THEIR POLICIES MID-TERM.

SUMMARY:

This bill prohibits an insurer that renews, amends, or endorses a private passenger automobile insurance policy in Connecticut from charging the insured more than $ 100 for canceling the policy before the policy term ends. It also makes technical changes.

EFFECTIVE DATE: October 1, 2009

COMMITTEE ACTION

Insurance and Real Estate Committee

Joint Favorable Substitute