Title 38a — Title 38a: Insurance

Sec. 38a-663. (Formerly Sec. 38-201a). Definitions. The following words and phrases, as used in sections 38a-663 to 38a-696, inclusive, shall have the following meanings unless the context otherwise requires: (1) “Rating organization” means an individual, partnership, corporation…

Sec. 38a-664. (Formerly Sec. 38-201b). Insurance excepted from regulation. The provisions of sections 38a-663 to 38a-681, inclusive, shall apply to all insurance on risks or on operations in this state, except: (1) Reinsurance, other than joint reinsurance to the extent stated in…

Sec. 38a-665. (Formerly Sec. 38-201c). Standards for the making and use of rates re commercial risk insurance. The following standards, methods and criteria shall apply to the making and use of rates pertaining to commercial risk insurance: (a) Rates shall not be excessive or ina…

Sec. 38a-666. (Formerly Sec. 38-201d). Permitted concerted action by insurers. Subject to and in compliance with the provisions of sections 38a-663 to 38a-681, inclusive, authorizing insurers to be members or subscribers of rating or advisory organizations or to engage in joint u…

Sec. 38a-667. (Formerly Sec. 38-201e). Insurers having common ownership or management. With respect to any matters pertaining to the making of rates or rating systems, the preparation or making of insurance policies or bond forms, underwriting rules, surveys, inspections and inve…

Sec. 38a-668. (Formerly Sec. 38-201f). Use of information of rating or advisory organizations. Members and subscribers of rating or advisory organizations may use the rates, rating systems, underwriting rules or policy or bond form of such organizations, either consistently or in…

Sec. 38a-669. (Formerly Sec. 38-201g). Exchange of information re rate-making and rating systems. The Insurance Commissioner and every admitted insurer, rating organization, advisory organization or statistical agency may exchange information and experience data with insurance su…

Sec. 38a-670. (Formerly Sec. 38-201h). Agreements to insure uninsurable applicants. Approval. Revocation. (a) Agreements may be made among admitted insurers with respect to the equitable apportionment among them of casualty insurance which may be afforded applicants who are in go…

Sec. 38a-671. (Formerly Sec. 38-201i). Compliance with law prerequisite to operation. Insurer not to subscribe to noncomplying organization. Upon compliance with the provisions of sections 38a-663 to 38a-681, inclusive, applicable thereto, any rating organization, advisory organi…

Sec. 38a-672. (Formerly Sec. 38-201j). License required for rating organizations. Qualifications. Examination and investigation. (a) No rating organization shall conduct its operations in this state without first filing with the Insurance Commissioner a written application for an…

Sec. 38a-673. (Formerly Sec. 38-201k). Advisory organizations. (a) No advisory organization shall conduct its operations in this state unless and until it has filed with the Insurance Commissioner (1) a copy of its constitution, articles of incorporation, agreement or association…

Sec. 38a-674. (Formerly Sec. 38-201l). Joint underwriting or joint reinsurance. (a) Every group, association or other organization of insurers which engages in joint underwriting or joint reinsurance through such group, association or organization or by standing agreement among t…

Sec. 38a-675. (Formerly Sec. 38-201m). Records and information to be maintained. Approval of rules and statistical plans re loss and expense experience. (a) Every insurer, rating organization or advisory organization and every group, association or other organization of insurers …

Sec. 38a-676. (Formerly Sec. 38-201n). Review of classifications, rules, rates and form of commercial risk insurance contracts and portable electronics insurance. Waiting period for workers' compensation and employers' liability insurance. Prior rate approval and hearing re medic…

Sec. 38a-676a. Review of professional liability rates for physicians and surgeons, hospitals, advanced practice registered nurses and physician assistants. Working group. Recommendations. (a) Not earlier than October 1, 2008, the Insurance Commissioner shall review professional l…

Sec. 38a-677. (Formerly Sec. 38-201o). Examinations. (a) The Insurance Commissioner shall, at least once every five years, and may as often as may be reasonable and necessary, make or cause to be made an examination of each licensed rating organization, and he may, as often as ma…

Sec. 38a-678. (Formerly Sec. 38-201p). Complaint and hearing. Practices prohibited. Suspension and revocation of certificate of authority or license. Appeals. (a) Any person aggrieved by any rate charged, rating plan, rating system, or underwriting rule followed or adopted by an …

Sec. 38a-679. (Formerly Sec. 38-201q). Withholding or giving of false or misleading information. No person, insurer or organization shall wilfully withhold information from, or knowingly give false or misleading information to the Insurance Commissioner or to any rating organizat…

Sec. 38a-680. (Formerly Sec. 38-201r). Penalties. Any person, insurer, organization, group or association that fails to comply with the final order of the Insurance Commissioner pursuant to sections 38a-663 to 38a-696, inclusive, shall be fined not more than two thousand dollars,…

Sec. 38a-681. (Formerly Sec. 38-201s). Payment of dividends, savings and unabsorbed premium deposits excepted. Nothing in sections 38a-663 to 38a-681, inclusive, shall be construed to prohibit or regulate the payment of dividends, savings or unabsorbed premium deposits allowed or…

Sec. 38a-682. (Formerly Sec. 38-201t). Rate credit for driver training courses. If any insurance company licensed to do business in this state allows a rate credit or deviation in motor vehicle insurance premium charges for persons successfully completing a full course of study o…

Sec. 38a-683. (Formerly Sec. 38-201u). Premium discount for senior citizens completing an accident prevention course. Regulations. (a) The premium charges for a private passenger nonfleet automobile under an automobile liability or physical damage insurance policy for any princip…

Sec. 38a-684. (Formerly Sec. 38-201ee). Rate credit for safe boat handling courses. Any insurer who delivers or issues for delivery in the state any policy, other than homeowners, covering a motorboat used for recreational purposes and powered by a motor in excess of five horsepo…

Sec. 38a-685. (Formerly Sec. 38-201hh). Premium discount for motorcyclists completing novice or advanced training course. Any insurer who delivers or issues for delivery in this state liability insurance policies for motorcycles shall offer a premium discount on any such policy t…

Sec. 38a-686. (Formerly Sec. 38-201v). Standards for the making and use of rates re personal risk insurance. Limitations on use of credit history and financial history measurement programs. Regulations. The following standards, methods and criteria shall apply to the making and u…

Sec. 38a-687. (Formerly Sec. 38-201w). Existence of competitive market re personal risk insurance. Determination of competition. Hearing. (a) With respect to personal risk insurance, a competitive market is presumed to exist unless the commissioner, after hearing, determines that…

Sec. 38a-688. (Formerly Sec. 38-201x). Review of rates re personal risk insurance and residual markets in competitive or noncompetitive markets. (a) The following procedures shall apply with respect to rates pertaining to personal risk insurance and residual markets: (1) In a com…

Sec. 38a-688a. Rate filing re personal risk insurance. Powers of commissioner. (a) Notwithstanding the requirements of sections 38a-389 and 38a-688 with respect to personal risk insurance with the exception of residual market rates, and on and after July 1, 2006, and until July 1…

Sec. 38a-688b. Declination, cancellation or nonrenewal of personal risk insurance policy based on credit history or rating prohibited. The declination, cancellation or nonrenewal of a personal risk insurance policy not subject to the provisions of section 38a-358 is prohibited if…

Sec. 38a-688c. Allowance of suit against insurer under personal risk policies, master policies and certain property policies. Time limitation. (a) For the purposes of this section, “personal risk insurance” means homeowners, tenants, mobile manufactured home and other property an…

Sec. 38a-689. (Formerly Sec. 38-201y). Insurers issuing homeowners policies to file underwriting rules and regulations with commissioner. Approval procedure. (a) Each insurance company which issues homeowners insurance policies in this state shall file with the Insurance Commissi…

Sec. 38a-690. (Formerly Sec. 38-201z). Commissioner to approve statistical plan for workers' compensation insurance. The Insurance Commissioner shall approve a uniform statistical plan for workers' compensation and employers' liability insurance which shall thereafter be used by …

Sec. 38a-691. (Formerly Sec. 38-201aa). Commissioner to develop consumer information system for personal risk insurance needs. The commissioner is authorized to utilize, develop or cause to be developed a consumer information system which will provide and disseminate price and ot…

Sec. 38a-692. (Formerly Sec. 38-201bb). Rulings by commissioner exempting market. The commissioner may on the commissioner's own initiative or upon request of any person, issue a ruling, exempting any market from any or all of the provisions of subsection (d) of section 7-479e, s…

Sec. 38a-693. (Formerly Sec. 38-201cc). Regulations. The Insurance Commissioner may adopt regulations in accordance with the provisions of chapter 54, as he deems necessary to effectuate the purposes of sections 38a-341, 38a-358, 38a-672, 38a-673, 38a-676, 38a-686 to 38a-689, inc…

Sec. 38a-694. (Formerly Sec. 38-201dd). Legislative finding. Deregulation. It is found and declared that the purposes of subsection (d) of section 7-479e, section 38a-341, subsection (a) of section 38a-343, sections 38a-358, 38a-387, 38a-663, 38a-665, subsection (b) of section 38…

Sec. 38a-695. (Formerly Sec. 38-201ff). Effective dates for revised insurance rates and supplementary rate information. Whenever a filing is submitted by an insurer to the Insurance Commissioner to revise the rates or supplementary rate information applicable to any policy subjec…

Sec. 38a-696. (Formerly Sec. 38-201ii). Annual report of commercial risk insurance writings and experience. Required financial data. Compilation by commissioner. (a) For purposes of this section: (1) “Company” means an individual company, not part of a company group, licensed to …

Sec. 38a-697. (Formerly Sec. 38-201gg). Submittal to commissioner of data relating premiums charged to filed rates for certain insurance lines. Section 38a-697 is repealed, effective October 1, 2001. (P.A. 86-98, S. 5, 6; P.A. 01-174, S. 21.)

Secs. 38a-698 to 38a-701. Reserved for future use.