# Connecticut HB 05373: AN ACT CONCERNING THE INSURANCE DEPARTMENT'S RECOMMENDATIONS FOR REVISIONS TO THE INSURANCE STATUTES. Connecticut HB 05373, AN ACT CONCERNING THE INSURANCE DEPARTMENT'S RECOMMENDATIONS FOR REVISIONS TO THE INSURANCE STATUTES., is a 2026 Regular Session House bill sponsored by Insurance and Real Estate Committee; status signed, last action 2026-06-02 (Signed by the Governor); PRIA reads it as touching household money (as of 2026-11-01). - Canonical: https://policyrisk.com/state-bill/CT-HB05373-2026 - As of: 2026-11-01 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Connecticut HB 05373 - State: Connecticut - Session: 2026 Regular Session - Title: AN ACT CONCERNING THE INSURANCE DEPARTMENT'S RECOMMENDATIONS FOR REVISIONS TO THE INSURANCE STATUTES. - Status: signed - Chamber: House - Introduced: 2026-02-26 - Last action: 2026-06-02, Signed by the Governor - Sponsor: Insurance and Real Estate Committee - Cosponsors: 0 - Subjects: insurance and real estate - Touches household money: yes - Roll calls: 3 (0 yes, 0 no in all) - Economic provisions PRIA read: 18 ## Summary To implement the Insurance Department's recommendations for revisions to the insurance statutes. ## Bill overview: provisions PRIA read - Higher payouts when insurance companies fail: benefit, high. Beginning October 1, 2026, Connecticut's Insurance Guaranty Association raises covered refunds for unused premiums from $2,000 to $50,000 per policy. It removes the former limit of half the unused premium and the requirement that other covered claims exceed $100. General claim caps are $300,000 for… - Some nonresidents gain insurance failure protection: benefit, medium. Beginning October 1, 2026, some nonresident policy owners, certificate holders, and enrollees gain Connecticut guaranty association coverage. The issuing member insurer must be based in Connecticut. The exception covers obligations assumed through the process specified in subsection (g) of section… - Totaled cars get two-source value checks: benefit, medium. For an insured car declared a constructive total loss, the insurer must use at least the average of two retail values. One comes from the J.D. Power used car guide, its successor, or another approved, publicly available industry source. The second must come from a separate industry source approved… - Transferred policies gain insurer failure protection: benefit, medium. Beginning October 1, 2026, transferred policy claims can qualify for Connecticut Insurance Guaranty Association protection. The original member insurer must have no remaining policy duties. A court in the receiving insurer's home state must enter a final liquidation order finding insolvency. The cl… - Policyholders get premium explanations and e-notices: benefit, low. Beginning January 1, 2027, covered renewal billing notices are due at least 30 days before renewal. The rule covers specified policies with prior annual premiums below $50,000, excluding workers' compensation and commercial renewals with increases below 10%. Insurers or their managing general agent… - Health appeals get clearer review clocks: benefit, low. Beginning July 1, 2026, health carriers must send the independent reviewer written notice of their initial appeal-screening decision. When a request is accepted, they must notify the reviewer, Insurance Commissioner, member, and any authorized representative. The decision clock starts when the revi… - Insurance backstop gains claim recovery powers: benefit, low. Beginning October 1, 2026, Connecticut's Insurance Guaranty Association can pursue and keep recoveries tied to covered claims it paid. Its recovery right extends only to the amount it paid. The association can also appoint and direct lawyers defending covered liability claims and providers deliveri… - Life settlement providers lose filing penalties: benefit, low. Beginning October 1, 2026, life settlement providers no longer owe annual statements under the repealed filing requirement. The law removes the related penalty for willfully failing to file or answer an inquiry. That penalty was up to $250 per day, capped at $25,000. - Insurer failure eligibility rules become narrower: cost, medium. Beginning October 1, 2026, the law revises which failed insurers qualify for Connecticut Insurance Guaranty Association protection. The insurer must have been licensed in Connecticut when the policy was issued or the insured event occurred. A court in its home state must enter a final liquidation o… - Insurance professionals face new oversight duties: cost, low. Beginning October 1, 2026, insurers must report an agent's termination for cause to the Insurance Commissioner within 30 calendar days. The reporting duty belongs to the insurer, not the agent. The commissioner may also set continuing education rules for licensed casualty claims adjusters. The law… - Cyber insurance protection has payout limits: mixed, high. Beginning October 1, 2026, qualifying cyber insurance gains Connecticut Insurance Guaranty Association protection when an insurer fails. Coverage must be written directly by an insurer admitted to do business in Connecticut. Covered risks include data breaches, ransomware, cyber extortion, and iden… - Policy transfers require notices and oversight: mixed, medium. Beginning October 1, 2026, covered transfers require policyholder and agent notices, including financial information, response procedures, and a written rejection option. Connecticut-based insurers need prior approval; licensing rules generally bar transferring Connecticut residents' policies to in… - Drug coverage notices and midyear changes: mixed, medium. For plans offered on or after January 1, 2027, carriers using covered-drug lists must publish next-year coverage and removed drugs before open enrollment. Beginning January 1, 2027, plans may remove a drug after at least 90 days' notice when FDA information raises safety concerns. Safety-based remo… - Terrorism exclusions trade coverage for savings: mixed, low. Effective upon passage, commercial risk policies may exclude losses caused directly or indirectly by terrorism. Premiums must reflect the expected savings from excluding those losses. The law also removes the former terrorism-coverage requirement for condominium association master policies. These r… - Insurance statute repeal has unclear effects: mixed, low. Effective October 1, 2026, the law repeals Connecticut General Statutes section 38a-66. The supplied provision does not identify the section's subject or explain which requirements end. Its effect on household costs or rights cannot be determined from this text. - Insurers pay assessments on revised schedules: mixed, low. Beginning October 1, 2026, covered insurers' assessments include Insurance Fund appropriations for the Office of the Behavioral Health Advocate. Those amounts also count toward the 25% assessment cap. The June 30 estimated payment rises from 25% to 35%. Another 25% is due October 31 instead of Sept… - Specialty insurance brokers get revised duties: mixed, low. Beginning October 1, 2026, the commissioner may require annual surplus-lines reports covering policy counts, types, property locations, premiums, and renewals. The commissioner may also request more information; annual reporting applies only when required. The law replaces the stated coverage-searc… - Benefit administrators face revised oversight rules: mixed, low. Beginning October 1, 2026, written contracts must require third-party administrators to continue agreed services during insurer insolvency or receivership. Administrators cannot renew their licenses without complying with the amended requirements of section 19a-7j. Insurers and other service users… ## Sponsors and cosponsors - Sponsor: Insurance and Real Estate Committee ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2026-03-12 | Senate | Senate Roll Call Vote 346 | pass | | | | | 2026-03-12 | House | House Roll Call Vote 186 AS AMENDED | pass | | | | | 2026-03-12 | House | INS Vote Tally Sheet (Joint Favorable Substitute) | pass | | | | ## Bill text - Public Act No. 26-69, 2026-05-19: [PDF](https://www.cga.ct.gov/2026/ACT/PA/PDF/2026PA-00069-R00HB-05373-PA.PDF) - File No. 241, 2026-03-30: [PDF](https://www.cga.ct.gov/2026/FC/PDF/2026HB-05373-R000241-FC.PDF) - INS Joint Favorable Substitute, 2026-03-12: [PDF](https://www.cga.ct.gov/2026/TOB/H/PDF/2026HB-05373-R01-HB.PDF) - Raised Bill, 2026-02-26: [PDF](https://www.cga.ct.gov/2026/TOB/H/PDF/2026HB-05373-R00-HB.PDF) - Bill Analysis For File Copy 241: [PDF](https://www.cga.ct.gov/2026/BA/PDF/2026HB-05373-R000241-BA.PDF) - Bill Analysis for HB-5373, as amended by House "A": [PDF](https://www.cga.ct.gov/2026/BA/PDF/2026HB-05373-R01-BA.PDF) - Fiscal Note For File Copy 241: [PDF](https://www.cga.ct.gov/2026/FN/PDF/2026HB-05373-R000241-FN.PDF) - Fiscal Note for Amendment LCO 4884 (No Fiscal Impact): [PDF](https://www.cga.ct.gov/2026/fna/pdf/2026HB-05373-R00LCO04884-FNA.PDF) - Fiscal Note for Amendment LCO 5109 (No Fiscal Impact): [PDF](https://www.cga.ct.gov/2026/fna/pdf/2026HB-05373-R00LCO05109-FNA.pdf) - Fiscal Note for HB-5373, As Amended by House "A" (LCO 5109): [PDF](https://www.cga.ct.gov/2026/FN/PDF/2026HB-05373-R01-FN.PDF) - House LCO Amendment #4884 (D): [PDF](https://www.cga.ct.gov/2026/lcoamd/pdf/2026LCO04884-R00-AMD.pdf) - House Roll Call Vote 186 AS AMENDED: [PDF](https://www.cga.ct.gov/2026/VOTE/H/PDF/2026HV-00186-R00HB05373-HV.PDF) - House Schedule A LCO# 5109 (J): [PDF](https://www.cga.ct.gov/2026/amd/H/pdf/2026HB-05373-R00HA-AMD.pdf) - INS Joint Fav. Rpt: [PDF](https://www.cga.ct.gov/2026/JFR/H/PDF/2026HB-05373-R00INS-JFR.PDF) - INS Vote Tally Sheet (Joint Favorable Substitute): [PDF](https://www.cga.ct.gov/2026/TS/H/PDF/2026HB-05373-R00INS-CV9-TS.PDF) - Senate Roll Call Vote 346: [PDF](https://www.cga.ct.gov/2026/VOTE/S/PDF/2026SV-00346-R00HB05373-SV.PDF) - Summary for Public Act No. 26-69: [PDF](https://www.cga.ct.gov/2026/SUM/PDF/2026SUM00069-R02HB-05373-SUM.PDF) ## Related bills - HB 05340: AN ACT CONCERNING RENEWABLE POWER GENERATION. (signed) - HB 05349: AN ACT CONCERNING A POLICE OFFICER TRAINING PROGRAM AND THE ROUNDING OF CERTAIN CASH PURCHASES. (signed) - HB 05153: AN ACT CONCERNING MINOR REVISIONS TO DEPARTMENT OF ENERGY AND ENVIRONMENTAL PROTECTION RELATED STATUTES. (signed) - SB 00488: AN ACT IMPLEMENTING THE TREASURER'S RECOMMENDATIONS FOR REVISIONS TO THE UNCLAIMED PROPERTY PROGRAM AND SECOND INJURY FUND. (signed) - SB 00475: AN ACT CONCERNING JUDICIAL BRANCH OPERATIONS. (signed) - SB 00484: AN ACT CONCERNING DISTRACTED DRIVING AND THE SAFE OPERATION OF A MOTOR VEHICLE IN A HIGHWAY WORK ZONE. (signed) ## Sources - [Public Act No. 26-69 (PDF)](https://www.cga.ct.gov/2026/ACT/PA/PDF/2026PA-00069-R00HB-05373-PA.PDF) - [File No. 241 (PDF)](https://www.cga.ct.gov/2026/FC/PDF/2026HB-05373-R000241-FC.PDF) - [INS Joint Favorable Substitute (PDF)](https://www.cga.ct.gov/2026/TOB/H/PDF/2026HB-05373-R01-HB.PDF) - [Raised Bill (PDF)](https://www.cga.ct.gov/2026/TOB/H/PDF/2026HB-05373-R00-HB.PDF) - [Bill Analysis For File Copy 241 (PDF)](https://www.cga.ct.gov/2026/BA/PDF/2026HB-05373-R000241-BA.PDF) - [Bill Analysis for HB-5373, as amended by House "A" (PDF)](https://www.cga.ct.gov/2026/BA/PDF/2026HB-05373-R01-BA.PDF) - [Fiscal Note For File Copy 241 (PDF)](https://www.cga.ct.gov/2026/FN/PDF/2026HB-05373-R000241-FN.PDF) - [Fiscal Note for Amendment LCO 4884 (No Fiscal Impact) (PDF)](https://www.cga.ct.gov/2026/fna/pdf/2026HB-05373-R00LCO04884-FNA.PDF) - [Fiscal Note for Amendment LCO 5109 (No Fiscal Impact) (PDF)](https://www.cga.ct.gov/2026/fna/pdf/2026HB-05373-R00LCO05109-FNA.pdf) - [Fiscal Note for HB-5373, As Amended by House "A" (LCO 5109) (PDF)](https://www.cga.ct.gov/2026/FN/PDF/2026HB-05373-R01-FN.PDF) - [House LCO Amendment #4884 (D) (PDF)](https://www.cga.ct.gov/2026/lcoamd/pdf/2026LCO04884-R00-AMD.pdf) - [House Roll Call Vote 186 AS AMENDED (PDF)](https://www.cga.ct.gov/2026/VOTE/H/PDF/2026HV-00186-R00HB05373-HV.PDF) - [House Schedule A LCO# 5109 (J) (PDF)](https://www.cga.ct.gov/2026/amd/H/pdf/2026HB-05373-R00HA-AMD.pdf) - [INS Joint Fav. Rpt (PDF)](https://www.cga.ct.gov/2026/JFR/H/PDF/2026HB-05373-R00INS-JFR.PDF) - [INS Vote Tally Sheet (Joint Favorable Substitute) (PDF)](https://www.cga.ct.gov/2026/TS/H/PDF/2026HB-05373-R00INS-CV9-TS.PDF) - [Senate Roll Call Vote 346 (PDF)](https://www.cga.ct.gov/2026/VOTE/S/PDF/2026SV-00346-R00HB05373-SV.PDF) - [Summary for Public Act No. 26-69 (PDF)](https://www.cga.ct.gov/2026/SUM/PDF/2026SUM00069-R02HB-05373-SUM.PDF) ## Related - [HB 05340: AN ACT CONCERNING RENEWABLE POWER GENERATION.](https://policyrisk.com/state-bill/CT-HB05340-2026) - [HB 05349: AN ACT CONCERNING A POLICE OFFICER TRAINING PROGRAM AND THE ROUNDING OF CERTAIN…](https://policyrisk.com/state-bill/CT-HB05349-2026) - [HB 05153: AN ACT CONCERNING MINOR REVISIONS TO DEPARTMENT OF ENERGY AND ENVIRONMENTAL PRO…](https://policyrisk.com/state-bill/CT-HB05153-2026) - [SB 00488: AN ACT IMPLEMENTING THE TREASURER'S RECOMMENDATIONS FOR REVISIONS TO THE UNCLAI…](https://policyrisk.com/state-bill/CT-SB00488-2026) - [SB 00475: AN ACT CONCERNING JUDICIAL BRANCH OPERATIONS.](https://policyrisk.com/state-bill/CT-SB00475-2026) - [SB 00484: AN ACT CONCERNING DISTRACTED DRIVING AND THE SAFE OPERATION OF A MOTOR VEHICLE…](https://policyrisk.com/state-bill/CT-SB00484-2026) - [Connecticut bills](https://policyrisk.com/states/connecticut/bills) - [Connecticut state hub](https://policyrisk.com/states/connecticut) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/CT-HB05373-2026 (as of 2026-11-01).