PA 09-98—sSB 212
Insurance and Real Estate Committee
AN ACT LIMITING CANCELLATION FEES FOR AUTOMOBILE INSURANCE POLICYHOLDERS WHO CANCEL THEIR POLICIES MID-TERM
SUMMARY: This act 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.
By law, any person or corporation that violates any insurance law that does not have a specific penalty is subject to a fine of up to $15,000.
EFFECTIVE DATE: October 1, 2009
OLR Tracking: JLK: KM; JL: DF