reglab/statecodes huggingface dataset:
Connecticut Administrative Code › Title 38a - Insurance Department › 651 - Approval of Credit Life Insurance and Credit Accident and Health Insurance Policy Forms › Section 38a-651-3 - Policy form approval

Current through July 10, 2024
(a) Each filing
			 shall be state specific. Only filings with state specific language will be
			 approved.
(b) Unless otherwise
			 provided by law, the Insurance Department shall review all forms filed with the
			 Insurance Commissioner for approval pursuant to Section
			 38a-651
			 of the Connecticut General Statutes in the order in which they are received by
			 the Department; provided, however, that in appropriate circumstances the
			 Commissioner may waive this requirement and direct the immediate review of a
			 form filing. The Department shall employ a chronological logging system to
			 facilitate the chronological review of such forms.
(c) Within ninety (90) days after a form is
			 accepted for review, the Insurance Department shall review the form and either
			 approve it or disapprove it. If, upon such review of the form, the Insurance
			 Department determines that additional information from the insurer is necessary
			 in order to ascertain whether the form is contrary to law or is unfair,
			 deceptive or may encourage misrepresentation of the policy, the Department
			 shall make such request to the insurer. The insurer will then have ten (10)
			 days from the date of the request to provide the Department with the additional
			 information; provided that during such time, the insurer may request in writing
			 that the period for responding to the request for information be extended for
			 an additional period of time, not to exceed thirty (30) days. The request for
			 extension shall be considered granted upon its receipt by the Insurance
			 Department. During the pendency of the Insurance Department's request for
			 information, the ninety (90) day period for Department action shall be tolled.
			 If the insurer fails to comply with such request within the allotted time, the
			 insurer shall be deemed to have voluntarily withdrawn its filing and the
			 Department shall close its file without further action.
(d) The Commissioner shall issue a decision
			 disapproving the use of any such form if the schedule of premium rates charged
			 or to be charged is by reasonable assumptions excessive in relation to the
			 benefits provided, or if it contains a provision or provisions which are
			 unjust, unfair, inequitable, misleading, deceptive or which encourage
			 misrepresentation of the coverage or which are contrary to any provision of the
			 insurance laws or of any rule or regulation promulgated thereunder. Any such
			 decision shall specify the reason for disapproval of the form.
(e) Forms that are approved by the
			 Commissioner shall have the form labeled "Approved," together with the name and
			 signature of the staff member who acted upon the filing and the date of the
			 approval.
Connecticut Administrative Code › Title 38a - Insurance Department › 651 - Approval of Credit Life Insurance and Credit Accident and Health Insurance Policy Forms › Section 38a-651-3a - Electronic filing

Current through July 10, 2024
Filings shall be considered received by the Commissioner when
				received at the Insurance Department. Filings received on a weekend or legal
				holiday shall be deemed received on the next business day. An electronic
				communication from the Insurance Department concerning a filing shall be deemed
				received by the person to whom the communication is addressed when the
				communication is sent to that person.
Connecticut Administrative Code › Title 38a - Insurance Department › 651 - Approval of Credit Life Insurance and Credit Accident and Health Insurance Policy Forms › Section 38a-651-4 - Severability

Current through July 10, 2024
If any provision of this regulation or application thereof to
				any person or circumstance is for any reason held to be invalid, the remainder
				of the regulation and the application of such provision to other persons or
				circumstances shall not be affected thereby.
Connecticut Administrative Code › Title 38a - Insurance Department › 660 - Bail Bond Producers Application and Renewal › Section 38a-660-5 - Additional insurer appointments (Repealed)

Current through July 10, 2024
For 2014 repeal, see
				  Sec.
				  54 of
				  Public
				  Act 14-187. (June 11,
				  2014)
Connecticut Administrative Code › Title 38a - Insurance Department › 660 - Bail Bond Producers Application and Renewal › Section 38a-660-6 - Disqualification (Repealed)

Current through July 10, 2024
For 2014 repeal, see
				  Sec.
				  54 of
				  Public
				  Act 14-187. (June 11,
				  2014)
Connecticut Administrative Code › Title 38a - Insurance Department › 676 - Approval of Property and Casualty Insurance Forms › Section 38a-676-1 - Definitions

Current through July 10, 2024
As used in Sections 38a-676-1 through
				38a-676-3,
				inclusive:
(a) "Commissioner" means
			 the Insurance Commissioner of this state.
(b) "Form" means any insurance policy or
			 contract, other than fidelity, surety or guaranty bonds, and any endorsement
			 modifying such policy or contract providing personal risk insurance or
			 commercial risk insurance as defined in Section
			 38a-663
			 of the General Statutes.
(c)
			 "Insurer" means an insurance company licensed by the Commissioner to write
			 property and casualty insurance, or a licensed rating or advisory
			 organization.
(d) "SERFF" means
			 software known as the System for Electronic Rate and Form Filing, Version 2.0
			 or higher, or any subsequent corresponding system, adopted by the National
			 Association of Insurance Commissioners.
Connecticut Administrative Code › Title 38a - Insurance Department › 676 - Approval of Property and Casualty Insurance Forms › Section 38a-676-2 - Filing procedure

Current through July 10, 2024
Any insurer required pursuant to Section
				38a-676
				of the General Statutes to file a copy of a form with the Commissioner shall
				comply with the following standards:
(a) All filings of proposed policies, forms,
			 endorsements or changes shall be submitted in an easily readable condition.
			 Printer's proofs, typewritten or photostatic copies, electronic filings
			 submitted in accordance with subsection (g) of this section, or other legible
			 copies are permitted. Only one copy of the filing is required to be filed and
			 shall be retained by the Insurance Department; however, where an insurer wishes
			 to have a complete copy of the filing and the transmittal letter returned to
			 it, filings in duplicate are permissible.
(b)
Filing Transmittal Letter
.
(1) The filing transmittal letter should be
			 sent to the attention of the Property and Casualty Division of the Insurance
			 Department.
(2) If one or more
			 elements within a filing vary by member company within a group of companies,
			 the filer shall send a separate filing transmittal letter for each insurer
			 within the group.
(3) The filer
			 shall enclose a return copy of the transmittal letter along with a stamped
			 self-addressed return envelope of a size sufficient to return either the copy
			 of the transmittal letter or the copy of the entire filing and transmittal
			 letter if the insurer has elected to file a duplicate copy of the filing in
			 accordance with Section
			 38a-676-2(a).
			 Additionally, the insurer must enclose a letter sized self-addressed stamped
			 envelope to provide the notice required by Section
			 38a-676-3(a).
(4) The filing transmittal letter shall
			 contain a descriptive caption. The caption shall:
(i) identify the insurer;
(ii) briefly identify the line of insurance
			 or program to which the filing pertains;
(iii) include a brief description of the
			 purpose of the filing;
(iv) where
			 the insurer maintains a filing numbering system, list its filing
			 number;
(v) include its assigned
			 National Association of Insurance Commissioners' insurer code number which
			 includes the group code number and company code number. If more than one
			 company is included in the filing show each company code number.
All subsequent correspondence to the Insurance Department
				concerning the filing shall include the caption in the identical format as it
				was displayed in the original filing transmittal letter and, in addition, the
				date of the original filing transmittal letter.
(5) The body of the filing transmittal letter
			 shall specify the proposed effective date and provide the name and telephone
			 number for contacting the person responsible for submitting the
			 filing.
Connecticut Administrative Code › Title 38a - Insurance Department › 676 - Approval of Property and Casualty Insurance Forms › Section 38a-676-3 - Policy form acceptance

Current through July 10, 2024
(a) Within fifteen
			 (15) calendar days of receipt of a form filed with the Commissioner pursuant to
			 Section
			 38a-676
			 of the General Statutes, the Insurance Department shall determine a filing to
			 be complete or deficient for purposes of submission for review and shall issue
			 written notice to the insurer regarding the status of the form.
(1) The written notice for a complete filing
			 shall state that the form filing is complete and accepted for review as of the
			 date of its receipt. For purposes of this section, a form filing is complete
			 upon the Insurance Department's determination that it is in compliance with
			 Section
			 38a-676-2.
(2) The written notice for a deficient filing
			 shall state that the form filing is deficient and not accepted for filing and
			 shall set out the specific items that must be corrected to make the form
			 complete. In addition to this notice, the Insurance Department may notify the
			 insurer, in any manner, of any additional problems with the form.
Connecticut Administrative Code › Title 38a - Insurance Department › 676 - Approval of Property and Casualty Insurance Forms › Appendix I

Current through July 10, 2024
STATE OF CONNECTICUT
POLICY AND ENDORSEMENT CERTIFICATION FORM
AS PER CHAPTER 699a OF THE GENERAL STATUTES
(READABLE LANGUAGE)
PART A
Name of Company or Group
						  _______________________________________
Certification applies to: _________________________
						  ________________________
(Company)
(Group)
(If certification is made on behalf of a Group of Companies,
				indicate names of all companies with Group below).
COMPLETE EACH APPLICABLE BOX BELOW
OR INDICATE NOT APPLICABLE (N.A.)
Form is filed by:
Company/Group has the
following Policy/Form on
file in Connecticut
Indicate Program
Name
(Indicate filer by name:
rating organization,
advisory organization,
company)*
Homeowners
__________________
_____________________
Dwelling Fire
__________________
_____________________
Personal, Inland Marine
__________________
_____________________
Personal Auto
__________________
_____________________
Motorcycle
__________________
_____________________
Recreational Vehicle
__________________
_____________________
(*) For each policy or endorsement indicated as filed by the
				Company, it is required that the (*) Company complete Part B of the Policy and
				Endorsement Certification Form.
The company certifies that the above forms filed by the Company
				or on its behalf and the forms shown on Part B of the Policy and Endorsement
				Certification Form, meet the minimum standards of readability required by
				Chapter 699a of the General Statutes and the letter height requirement of
				regulation 38a-297-3. The type-face style(s) used for the above forms is
				(are):
______________________________________________________________________
Signed __________________________
Title __________________________
(Officer of the Company)
Date __________________________
STATE OF CONNECTICUT
POLICY AND ENDORSEMENT CERTIFICATION FORM
AS PER CHAPTER 699a OF THE GENERAL STATUTES
(READABLE LANGUAGE)
PART B
Name of Company or Group
				________________________________________________
As certified by an officer of the company on Part A, the policy
				and the related endorsements listed below comply with the minimum standards of
				readability required by Chapter 699a of the General Statutes and the letter
				height requirement of regulation 38a-297-3.
Options (Check One)
"Sample" technique can be used only if policy or endorsement
				contains more than 10,000 words. A copy of policy or endorsement highlighting
				word samples tested must be attached.
1. Policy and related forms are scored for the Flesch reading
				ease test as one unit. Companies using the standard Connecticut Basic
				Reparations Benefits endorsement which has not yet been simplified may exclude
				this endorsement in the determination of the combined score if they so
				indicate.
2. Policy and related endorsements are separately scored for
				Flesch reading ease test.
Policy or
						  Endorsement
Form No.
Connecticut Administrative Code › Title 38a - Insurance Department › 683 - An Accident Prevention Course for Operators Who Have Attained the Age of Sixty Years › Section 38a-683-1 - Purpose

Current through July 10, 2024
Section
				38a-683-2, section
				38a-683-4,
				section
				38a-683-6
				and section
				38a-683-7
				of the Regulations of Connecticut State Agencies are intended to comply with
				section
				38a-683(b)
				and
				38a-683(c)
				of the Connecticut General Statutes, concerning the course content and other
				requirements of an accident prevention course for operators who have attained
				the age of sixty (60) years.
Connecticut Administrative Code › Title 38a - Insurance Department › 683 - An Accident Prevention Course for Operators Who Have Attained the Age of Sixty Years › Section 38a-683-2 - Definitions

Current through July 10, 2024
Terms used in this regulation shall have the following
				meanings:
(1) "Commissioner" means the
			 Commissioner of Motor Vehicles.
(2)
			 "School" means an organization or agency that conducts an accident prevention
			 course.
(3) "Instructor" means an
			 individual who has been trained and appointed by a school for the purpose of
			 conducting an approved classroom accident prevention course.
(4) "Classroom Accident Prevention Course"
			 means an accident prevention program approved by the commissioner which meets
			 the needs of an operator who has attained the age of sixty (60) years and is
			 conducted in a classroom setting.
(5) "Internet Accident Prevention Course"
			 means an accident prevention program approved by the commissioner which meets
			 the needs of an operator who has attained the age of sixty (60) years and is
			 offered on the Internet.
(6)
			 "Certificate" means a document or form issued to all persons who have completed
			 an approved accident prevention course.
Connecticut Administrative Code › Title 38a - Insurance Department › 683 - An Accident Prevention Course for Operators Who Have Attained the Age of Sixty Years › Section 38a-683-4 - Classroom accident prevention course approval

Current through July 10, 2024
To be approved, an accident prevention course offered in a
				classroom setting for operators who have attained the age of sixty (60) years
				shall meet the following minimum requirements:
(1) Provide, but need not be limited to, the
			 amount of time established pursuant to subsection (a) of section
			 38a-683
			 of the Connecticut General Statutes.
(2) Include instruction in problems that
			 confront the operator who has attained the age of sixty (60) years relative to
			 driving frustrations and effects of aging on individual driving
			 behavior;
(3) Include instruction
			 in the effects of alcohol, drugs or other medication on one's
			 capabilities;
(4) Include
			 instruction in current accident prevention measures, e.g., proper following
			 techniques and handling unexpected driving emergencies;
(5) Include instruction in other subject
			 areas including risk acceptance and one's personality as it affects driving,
			 and perceptual problems likely to be encountered in various driving
			 environments; and
(6) Use only
			 those instructors who have been trained and appointed for the purpose of
			 conducting an approved accident prevention program.
Connecticut Administrative Code › Title 38a - Insurance Department › 683 - An Accident Prevention Course for Operators Who Have Attained the Age of Sixty Years › Section 38a-683-4a - Internet accident prevention course approval

Current through July 10, 2024
An accident prevention course offered on the Internet for
				operators who have attained the age of sixty (60) years shall be submitted to
				the commissioner for approval. To be approved, an accident prevention course,
				offered on the Internet for operators who have attained the age of sixty (60)
				years, shall meet the requirements established in this section:
(a) The content of a course offered on the
			 Internet shall include the following:
(1)
			 Instruction in problems that confront the operator who has attained the age of
			 sixty (60) years relative to driving frustrations and effects of aging on
			 individual driving behavior;
(2)
			 Instruction in the effects of alcohol, drugs or other medication on one's
			 capabilities;
(3) Instruction in
			 current accident prevention measures, e.g., proper following techniques and
			 handling unexpected driving emergencies; and
(4) Instruction in other subject areas
			 including risk acceptance and one's personality as it affects driving, and
			 perceptual problems likely to be encountered in various driving
			 environments.
Connecticut Administrative Code › Title 38a - Insurance Department › 683 - An Accident Prevention Course for Operators Who Have Attained the Age of Sixty Years › Section 38a-683-6 - Certificate of accident prevention course completion

Current through July 10, 2024
(a) Each participant successfully completing
			 an approved accident prevention course shall be issued a certificate of course
			 completion, which shall include the following information:
(1) Name of student;
(2) Student's date of birth;
(3) Student's address;
(4) Date of accident prevention course
			 completion;
(5) Name of
			 school;
(6) If the course is
			 presented in a classroom, the instructor's signature or ID number;
(7) If the course is presented on the
			 Internet, and requires a final examination, the signature or ID number of the
			 school representative administering the final examination, in a classroom
			 setting, to the individual who has successfully completed the approved Internet
			 accident prevention course; and
(8)
			 If the course is presented on the Internet, any information in addition to the
			 applicable requirements of this subsection, that the commissioner may require
			 as a condition of his course approval, as provided for in section
			 38a-683-4
			 a of the Regulations of Connecticut State Agencies.
Connecticut Administrative Code › Title 38a - Insurance Department › 683 - An Accident Prevention Course for Operators Who Have Attained the Age of Sixty Years › Section 38a-683-7 - Withdrawal of approval

Current through July 10, 2024
Any approval may be withdrawn or denied in the event the
				minimum requirements of sections
				38a-683-1 to 38a-683-7,
				inclusive, of the Regulations of Connecticut State Agencies are not maintained.
				No approval of any accident prevention course shall be withdrawn without first
				providing an opportunity for a hearing as provided for in section
				4-177
				of the Connecticut General Statutes.
Connecticut Administrative Code › Title 38a - Insurance Department › 686 - Territorial Rating System for Automobile Insurance › Section 38a-686-1 - Definitions

Current through July 10, 2024
As used in Sections 38a-686-1 to
				38a-686-3,
				inclusive, of the Regulations of Connecticut State Agencies:
(1) "Adopted statewide rate level change"
			 means the premium weighted average of all base rate level changes.
(2) "Antique, rare or special interest motor
			 vehicle" has the same meaning as provided in section
			 14-1 of
			 the Connecticut General Statutes.
(3) "Base rate" means the benchmark premium
			 rate for each territory.
(4)
			 "Classification system" or "classification" means the process of grouping risks
			 with similar risk characteristics so that differences in costs may be
			 recognized.
(5) "Commissioner"
			 means the Insurance Commissioner of the State of Connecticut.
(6) "Credibility" means a measure of
			 actuarial predictability assigned to a body of loss experience for private
			 passenger nonfleet automobile insurance.
(7) "Department" means the Connecticut
			 Insurance Department.
(8) "Exposure
			 unit" means one private passenger nonfleet automobile insured for a twelve
			 month period.
(9) "Insurer" has the
			 same meaning as provided in section
			 38a-1
			 of the Connecticut General Statutes.
(10) "Rating organization" has the same
			 meaning as provided in section
			 38a-663
			 of the Connecticut General Statutes.
(11) "Advisory organization" has the same
			 meaning as provided in section
			 38a-663
			 of the Connecticut General Statutes.
(12) "Indicated statewide rate level change"
			 means the premium weighted average of the indicated base rate
			 changes.
(13) "Indicated loss
			 costs" means the expected loss costs per exposure unit based on actuarially
			 adjusted historical loss data.
(14)
			 "Loss costs" means the portion of the premium that is applicable solely to
			 loss, without provision for insurer, rating organization or advisory
			 organization expenses or profits.
(15) "Private passenger nonfleet automobile
			 insurance policy" means an insurance policy issued for one or more private
			 passenger nonfleet automobiles. "Private passenger nonfleet automobile
			 insurance policy" does not include insurance policies for motorcycles,
			 recreational vehicles or antique, rare or special interest motor
			 vehicles.
Connecticut Administrative Code › Title 38a - Insurance Department › 686 - Territorial Rating System for Automobile Insurance › Section 38a-686-2 - Private passenger nonfleet automobile insurance rate filings

Current through July 10, 2024
(a)
Standards for the Establishment of
			 Territorial Classifications.
In order to create a classification system
			 for rating private passenger nonfleet automobile insurance risks, an insurer,
			 rating organization or advisory organization may group risks by geographical
			 territories composed of one or more unique town codes. An insurer, rating
			 organization or advisory organization may use the United States Postal Service
			 ZIP Codes corresponding to the unique town codes to determine the territory of
			 garaging for private passenger nonfleet automobile individual risks. An
			 insurer, rating organization or advisory organization shall not split a town or
			 city into two or more geographical territories if more than one ZIP Code is
			 ascribed to the particular town or city. If a street, road or similar
			 geographic unit divides two geographically configured rating territories, an
			 insurer, rating organization or advisory organization shall rate the particular
			 risk using the lower rate of the two territories. An insurer, rating
			 organization or advisory organization shall include a complete description of
			 each geographical territorial configuration used in its rating plan
			 filing.
(b)
Territorial Rate
			 Filing Procedures.
An insurer, rating organization or advisory
			 organization's geographical rating territories and any amendments to such
			 geographical rating territories shall be filed with the Department and shall be
			 subject to the Department's review and approval prior to their use. The
			 Department shall disapprove any rating territory that does not conform to the
			 requirements of this regulation.
(c)
Territorial Rate Filing
			 Information.
Prior to an insurer, rating organization or advisory
			 organization adopting and implementing a classification system that uses ZIP
			 Codes to establish geographical rating territories, an insurer, rating
			 organization or advisory organization shall file with the Department a copy of
			 the classification system with the following information:
(1) a table of each ZIP Code and its
			 corresponding geographical rating territory;
(2) a supplementary list of those ZIP Codes
			 that overlap two or more rating territories;
(3) an explanation of how the proposed rating
			 system identifies the ZIP Code of the place of garaging versus the mailing
			 address;
(4) an explanation of how
			 the proposed classification system will take into account changes in ZIP Code
			 configurations as they occur; and
(5) an alphabetical listing of the current
			 one hundred sixty-nine Connecticut towns with a territory code assigned to
			 each.
Connecticut Administrative Code › Title 38a - Insurance Department › 686 - Territorial Rating System for Automobile Insurance › Section 38a-686-3 - Private passenger nonfleet automobile rate filing submission requirements

Current through July 10, 2024
(a)
Supporting Information.
An insurer, rating organization or
			 advisory organization shall make a private passenger nonfleet automobile rate
			 filing with the Department each time it seeks to change the base rate on a new
			 or renewal private passenger nonfleet automobile insurance policy. An insurer,
			 rating organization or advisory organization shall include the information set
			 forth in this section to actuarially support the rate being requested in its
			 private passenger nonfleet automobile rate filing.
(b)
Actuarial Exhibits.
An
			 insurer, rating organization or advisory organization shall file the following
			 exhibits to support each territorial rate filing made to the Department:
(1) An exhibit showing the indicated
			 statewide rate level change and the adopted statewide rate level change as a
			 percentage of current rates for each rating program, identified by type of
			 insurance coverage. The exhibit shall set forth all changes to the:
(A) variable expense rate;
(B) flattened expense fee; and
(C) total rate.
Connecticut Administrative Code › Title 38a - Insurance Department › 693 - Private Passenger Automobile Insurance Statistical Data Monitoring System › Section 38a-693-1 - Purpose

Current through July 10, 2024
The purpose of the regulations is to establish a Statistical
				Data Monitoring System (SDMS) to provide procedures to insure accuracy and
				reliability of private passenger automobile insurance statistical data. Such
				procedures will be set forth in a set of manuals referred to as the Statistical
				Data Monitoring System (SDMS).
Connecticut Administrative Code › Title 38a - Insurance Department › 693 - Private Passenger Automobile Insurance Statistical Data Monitoring System › Section 38a-693-2 - Description

Current through July 10, 2024
(a) The SDMS will be comprised of six
			 elements:
(1) Systems Descriptions and
			 Procedural Control Checklists.
(2)
			 Statistical Sampling Procedures (Detail Data Verification).
(3) Reasonability Test Procedures (Detail
			 Data Verification).
(4)
			 Reconciliation of Statistical Data to Financial Statement.
(5) Annual Self-Review and Certification by
			 the insurer or statistical agent.
(6) Periodic Review by the Insurance
			 Department.
Connecticut Administrative Code › Title 38a - Insurance Department › 693 - Private Passenger Automobile Insurance Statistical Data Monitoring System › Section 38a-693-3 - Applicability

Current through July 10, 2024
Sections
				38a-693-1 through Section
				38a-693-6 shall
				be applicable to:
(a) all insurers
			 writing private passenger automobile insurance in this State; and
(b) all statistical agents reporting private
			 passenger automobile statistics to the Insurance Department.
Connecticut Administrative Code › Title 38a - Insurance Department › 693 - Private Passenger Automobile Insurance Statistical Data Monitoring System › Section 38a-693-4 - Standards

Current through July 10, 2024
Except to the extent that it may be modified by state statutes,
				each insurer and statistical agent shall be guided by the Statistical Data
				Monitoring System promulgated by the Insurance Department of the State of New
				York as amended from time to time.
Connecticut Administrative Code › Title 38a - Insurance Department › 693 - Private Passenger Automobile Insurance Statistical Data Monitoring System › Section 38a-693-5 - Implementation

Current through July 10, 2024
(a) Each insurer and statistical agent shall
			 monitor private passenger automobile statistical data in accordance with the
			 provisions of the SDMS as required by the Insurance Department.
However, the Insurance Commissioner may waive or modify any
				SDMS requirement(s) for an individual insurer or statistical agent where the
				insurer has demonstrated that the implementation of the requirement(s) would be
				impractical or unreasonable because of the small volume of private passenger
				automobile insurance premiums written by the insurer or in such other instances
				where the Insurance Commissioner deems that such implementation would place an
				unreasonable burden on the insurer or statistical agent.
(b) The statistical agents shall provide a
			 copy of the SDMS manuals to each of their members upon request.
(c) The Insurance Commissioner shall maintain
			 copies of the SDMS for public perusal at the Connecticut Insurance Department,
			 165 Capitol Avenue, Hartford, CT 06106.
Connecticut Administrative Code › Title 38a - Insurance Department › 693 - Private Passenger Automobile Insurance Statistical Data Monitoring System › Section 38a-693-6 - Effective dates

Current through July 10, 2024
(a) The system to
			 implement the Reconciliation of Statistical Data to Financial Statements is
			 required to begin in January, 1985. The first reconciliation will cover the
			 statistical and financial data of 1985.
(b) Reasonability Testing is required to
			 begin with the comparison of the statistics of 1985 with the statistics of
			 1986.
(c) Systems Descriptions and
			 Procedural Control Checklists are required to be completed by December 31,
			 1985.
(d) Statistical Sampling
			 Procedures are required to begin by January 1, 1986. However, operational
			 testing of the sampling procedure must begin by October 1, 1985. Although no
			 error reports will be required from the test period, a certification that the
			 procedures have been tested and are operational will be required.
(e) Annual Self-Review and Certification are
			 effective consistent with the other effective dates specified herein.
(f) Periodic Review by the Insurance
			 Department is effective upon the promulgation of these regulations. In lieu
			 thereof, the Insurance Commissioner may accept the report of such periodic
			 review made by the insurance supervisory official of another state if such
			 report includes or is accompanied by a statement that the monitoring activities
			 (of the insurer or statistical agent) are in accordance with SDMS manuals as
			 provided for in section
			 38a-693-4.
Connecticut Administrative Code › Title 38a - Insurance Department › 707 - Service Fees to Be Charged by Insurance Producers and Surplus Lines Brokers › Section 38a-707-1 - Service fees

Current through July 10, 2024
Properly licensed producers organizing business in this state
				may charge service fees to their clients in accordance with the schedules shown
				in sections
				38a-707-2 to
				38a-707-8,
				inclusive, of the Regulations of Connecticut State Agencies. In addition to the
				scheduled fees a producer or surplus lines broker may charge as reimbursement
				any moneys expended by him for any (1) inspection report fees, (2) motor
				vehicle department reports, (3) policy reports, (4) credit card service fees,
				(5) regulatory fees from other jurisdictions, such as licensing fees, necessary
				for the placement of Connecticut risks with out-of-state exposure, (6) costs
				for overnight mail, or (7) telegrams or telephone calls necessary for the
				placement of the risk under consideration.
Connecticut Administrative Code › Title 38a - Insurance Department › 707 - Service Fees to Be Charged by Insurance Producers and Surplus Lines Brokers › Section 38a-707-2 - Automobile

Current through July 10, 2024
In accordance with subdivision (4) of subsection (a) of section
				38a-329
				of the General Statutes, Automobile Assigned Risk (initial policy only) $35.00;
				Automobile, other than automobile Assigned Risk, all forms, nonstandard
				$35.00.
Connecticut Administrative Code › Title 38a - Insurance Department › 707 - Service Fees to Be Charged by Insurance Producers and Surplus Lines Brokers › Section 38a-707-3 - Owners, landlords and tenants-Manufacturers and contractors

Current through July 10, 2024
Non-standard Owners, Landlords and Tenants and non-standard
				manufacturers and contractor forms may be assessed a fee of up to five percent
				of premium, not to exceed $150.00.
Connecticut Administrative Code › Title 38a - Insurance Department › 707 - Service Fees to Be Charged by Insurance Producers and Surplus Lines Brokers › Section 38a-707-4 - Workers' compensation assigned risk

Current through July 10, 2024
Workers' Compensation Assigned Risk policyholders may be
				charged one per cent of the premium subject to a ten-dollar minimum fee and a
				maximum fee of two hundred and fifty dollars.
Connecticut Administrative Code › Title 38a - Insurance Department › 707 - Service Fees to Be Charged by Insurance Producers and Surplus Lines Brokers › Section 38a-707-5 - Fire and allied lines

Current through July 10, 2024
There will be no fee permitted for "Fair Plan" submissions.
				Non-standard fire and allied lines policyholders may be charged a fee of one
				per cent of the premium.
Connecticut Administrative Code › Title 38a - Insurance Department › 707 - Service Fees to Be Charged by Insurance Producers and Surplus Lines Brokers › Section 38a-707-6 - Substandard errors and omissions

Current through July 10, 2024
Substandard Errors and Omissions policyholders may be charged
				ten dollars or five per cent of the premiums up to a maximum of two hundred and
				fifty dollars.
Connecticut Administrative Code › Title 38a - Insurance Department › 707 - Service Fees to Be Charged by Insurance Producers and Surplus Lines Brokers › Section 38a-707-7 - Surplus lines submissions

Current through July 10, 2024
(a) A duly licensed
			 producer and surplus lines broker involved in the same transaction may each
			 charge a flat fee per policy for business placed in the surplus lines market,
			 provided that the sum of the fee charged by such Producer and the fee charged
			 by such surplus lines broker shall not exceed $250.00 in the aggregate. In the
			 alternative, such producer and surplus lines broker may charge a fee of up to
			 five percent of the applicable premium, not to exceed $500.00 in the
			 aggregate.
(b) The fees referenced
			 in this section may be charged for new and renewal business.
Connecticut Administrative Code › Title 38a - Insurance Department › 707 - Service Fees to Be Charged by Insurance Producers and Surplus Lines Brokers › Section 38a-707-8 - Miscellaneous and renewals

Current through July 10, 2024
(a) Any other
			 service charges not scheduled in sections
			 38a-707-2 to
			 38a-707-7,
			 inclusive, shall be submitted individually for approval. Except as provided in
			 this section and in section
			 38a-707-7
			 of the regulations of Connecticut State Agencies, service fees shall not be
			 permitted for renewals handled in the usual and customary manner, except that
			 such fees may be charged on renewal business where a re-underwriting of the
			 risk is necessary.
(b) Where,
			 pursuant to section
			 38a-707-1 to
			 38a-707-9,
			 inclusive, of the Regulations of Connecticut State Agencies, the same insurance
			 policy may be assessed a service fee by both an insurance producer and a
			 surplus lines broker, the total of such fees shall not exceed five percent of
			 the applicable premium or $500.00, whichever is less.
Connecticut Administrative Code › Title 38a - Insurance Department › 707 - Service Fees to Be Charged by Insurance Producers and Surplus Lines Brokers › Section 38a-707-9 - Service fee disclosure

Current through July 10, 2024
No insurance producer or surplus lines broker shall charge any
				service fee as specified in sections
				38a-707-2 to
				38a-707-8,
				inclusive, without first obtaining a written memorandum, signed by the party to
				be charged, and specifying and clearly defining the premium applicable to the
				policy and the amount or extent of any service fees assessed pursuant to
				section
				38a-707-1 to
				38a-707-9, inclusive, of the Regulations of Connecticut State Agencies. Such
				memorandum shall be kept by the producer or surplus lines broker in such manner
				as to be easily subject to audit or inspection by the insurance commissioner or
				the Commissioner's agents.
Connecticut Administrative Code › Title 38a - Insurance Department › 740 - Surplus Lines Insurers › Section 38a-740-1 - Definitions

Current through July 10, 2024
As used in sections 38a-740-1 to
				38a-740-11, inclusive, of the
				Regulations of Connecticut State Agencies:
(a) An "affiliate" of, or person "affiliated"
			 with, a specific person means a person that directly, or indirectly through one
			 or more intermediaries, controls or is controlled by, or is under common
			 control with, the specific person.
(b) "Alien insurance company" or "alien
			 insurer" means any insurance company which has been chartered by or organized
			 or constituted within or under the laws of any state or country outside the
			 United States.
(c) "Commissioner"
			 means the Insurance Commissioner of this state.
(d) "Control," "controlling," "controlled by"
			 and "under common control with," means the possession, direct or indirect, of
			 the power to direct or cause the direction of the management and policies of a
			 person, whether through the ownership of voting securities, by contract other
			 than a commercial contract for goods or nonmanagement services, or otherwise,
			 unless the power is the result of an official position with the person. Control
			 shall be presumed to exist if any person, directly or indirectly, owns,
			 controls, holds with the power to vote, or holds proxies representing, ten
			 percent or more of the voting securities of any other person.
(e) "Eligible surplus lines insurer" means an
			 unauthorized insurer or a domestic surplus lines insurer with which a surplus
			 lines broker may place surplus lines insurance pursuant to section
			 38a-740-2 of the Regulations of
			 Connecticut State Agencies.
(f)
			 "Surplus lines broker" means a person, firm or corporation licensed pursuant to
			 section 38a-794 of the Connecticut General Statutes to place insurance of risks
			 resident, located or to be performed in this state with eligible surplus lines
			 insurers authorized to accept such insurance.
(g) "Insurance company" or "insurer" means
			 any corporation, association, partnership, insurance exchange duly authorized
			 under the laws of any state or combination of persons doing any kind or form of
			 insurance business.
(h) "Person"
			 means an individual, a corporation, a partnership, an association, a joint
			 stock company, a business trust, an unincorporated organization, any similar
			 entity or any combination of the foregoing acting in concert.
(i) "Surplus lines insurance" means any
			 insurance in this state of risks resident, located or to be performed in this
			 state, permitted to be placed through a surplus lines broker with an eligible
			 surplus lines insurer authorized to accept such insurance.
(j) "Unauthorized insurer" means an insurer
			 not licensed to do an insurance business in this state.
(k) " List of licensed companies, approved
			 reinsurers and surplus lines insurers" means a listing published by the
			 commissioner from time to time, but at least annually, that includes all
			 eligible surplus lines insurers authorized to conduct business in this
			 state.
Connecticut Administrative Code › Title 38a - Insurance Department › 740 - Surplus Lines Insurers › Section 38a-740-2 - Eligible surplus lines insurers

Current through July 10, 2024
No surplus lines broker may procure insurance for any subjects
				or risks resident, located or to be performed in this state from an insurer,
				except one declared to be an eligible surplus lines insurer in accordance with
				section 38a-740-4 of the Regulations of
				Connecticut State Agencies or designated as a domestic surplus lines insurer in
				accordance with section 38a-271a of the Connecticut General
				Statutes.
Connecticut Administrative Code › Title 38a - Insurance Department › 740 - Surplus Lines Insurers › Section 38a-740-3 - Waiver

Current through July 10, 2024
Except when precluded by law, the commissioner may, where good
				cause appears, waive the applicability of any provision of sections
				38a-740-1 through
				38a-740-11, inclusive, of the
				Regulations of Connecticut State Agencies as to any eligible surplus lines
				insurer whose name appears on the list of licensed companies, approved
				reinsurers and surplus lines insurers immediately prior to the effective date
				of this Regulation, or an insurance company which is an affiliate of an insurer
				licensed in this state.
Connecticut Administrative Code › Title 38a - Insurance Department › 740 - Surplus Lines Insurers › Section 38a-740-4 - Standards for eligible surplus lines insurers

Current through July 10, 2024
No insurer shall be or become an eligible surplus lines insurer
				unless authorized by the commissioner in accordance with the following
				conditions:
(a) For each line of
			 insurance it proposes to write as an eligible surplus lines insurer, the
			 insurer shall:
(1) be currently licensed in
			 the state of its domicile if chartered, incorporated, organized or constituted
			 within the United States; or
(2) be
			 currently licensed in its United States domiciliary jurisdiction if, as an
			 alien insurer, it does business through a United States branch; or
(3) be currently licensed in its domiciliary
			 jurisdiction outside the United States if an alien insurer; or
(4) be chartered by, incorporated, organized
			 or constituted within or under the laws of this state if applying to be
			 designated as a domestic surplus lines insurer; and
(5) show that it writes the lines of business
			 that it proposes to write in this state in sufficient volume as to demonstrate
			 an expertness in insuring such product lines.
Connecticut Administrative Code › Title 38a - Insurance Department › 740 - Surplus Lines Insurers › Section 38a-740-6 - Requirements of eligible surplus lines insurers

Current through July 10, 2024
In order to remain an eligible surplus lines insurer in this
				state the unauthorized insurer shall comply with the following
				requirements.
(a) The insurer shall
			 continue to maintain the same financial stability and condition, qualifications
			 and general suitability necessary to be declared an eligible surplus lines
			 insurer pursuant to section
			 38a-740-4 of the Regulations of
			 Connecticut State Agencies.
(b)
(1) Each foreign insurer shall, annually, on
			 or before the first day of March, submit to the commissioner, by electronically
			 filing with the National Association of Insurance Commissioners, a true and
			 complete report, signed and sworn to by its president or a vice president, and
			 secretary or an assistant secretary, of its financial condition on the
			 thirty-first day of December next preceding, in such form and with such detail
			 as is prescribed by the commissioner. An electronically filed report that is
			 timely submitted to the National Association of Insurance Commissioners is
			 deemed to have been submitted to the commissioner in accordance with this
			 subdivision.
(2) Each alien insurer
			 shall file annually, on or before the fifteenth day of May, a true and complete
			 report, signed and sworn to by its president or a vice president, and secretary
			 or an assistant secretary, of its financial condition on the thirty-first day
			 of December next preceding, in such form and with such detail as is prescribed
			 by the commissioner.
(3) The
			 commissioner may grant extensions of time in which to file such reports when an
			 insurer can demonstrate to the satisfaction of the commissioner the need for
			 such an extension. In addition to such annual report, the commissioner, when
			 the commissioner deems it necessary, may require any eligible surplus lines
			 insurer to file financial statements on a quarterly basis. Further, whenever
			 the commissioner has determined that more frequent reports are required because
			 of certain factors or trends affecting companies writing a particular class or
			 classes of business or because of changes in the company's management or
			 financial or operating condition, the commissioner may require any eligible
			 surplus lines insurer to file financial statements on other than an annual or
			 quarterly basis.
(4)
			 Notwithstanding the provisions of this subsection to the contrary, when the
			 syndicates of an insurance exchange are required to file annual reports with
			 the exchange on the National Association of Insurance Commissioners Convention
			 Form Annual Statement, an insurance exchange created under the laws of any
			 state shall file such report on the first day of May, however, such report may
			 be filed on a combined basis.
Connecticut Administrative Code › Title 38a - Insurance Department › 740 - Surplus Lines Insurers › Section 38a-740-7 - Notification

Current through July 10, 2024
Any eligible surplus lines insurer is required to notify the
				commissioner within thirty (30) days of the happening of any one or more of the
				following:
(1) the suspension or
			 revocation of a license or right to transact business in another
			 jurisdiction;
(2) the receipt of an
			 order or complaint to show cause why the license or right to transact business
			 should not be suspended or revoked, or charges of any type filed by a state,
			 federal agency or any other jurisdiction which, if substantiated, could result
			 in suspension or revocation of a license, certificate of authority, or right to
			 transact business in another jurisdiction;
(3) the imposition of a penalty by any other
			 state, federal agency or any other jurisdiction for any violation of the
			 insurance or insurance related laws of such other state, federal agency or
			 jurisdiction; or
(4) any change in
			 control of the insurer.
Connecticut Administrative Code › Title 38a - Insurance Department › 740 - Surplus Lines Insurers › Section 38a-740-8 - List of eligible surplus lines insurers

Current through July 10, 2024
The commissioner shall from time to time publish a list of all
				insurers authorized to be eligible surplus lines insurers, and shall mail a
				copy thereof to each licensed surplus lines broker at such broker's office last
				of record with the commissioner.
Connecticut Administrative Code › Title 38a - Insurance Department › 740 - Surplus Lines Insurers › Section 38a-740-9 - Withdrawal of eligibility; grounds; notice

Current through July 10, 2024
If at any time the commissioner has reason to believe that any
				insurer authorized to act as an eligible surplus lines insurer pursuant to
				section 38a-740-4 of the Regulations of
				Connecticut State Agencies, is impaired financially or no longer meets the
				requirements for eligibility as set forth in section
				38a-740-6 of the Regulations of
				Connecticut State Agencies, the commissioner shall declare such insurer no
				longer an eligible surplus lines insurer. If the commissioner determines, after
				a hearing thereon of which reasonable notice was given to all licensed surplus
				lines brokers that an insurer currently eligible as a surplus lines insurer has
				violated the laws of this state, or has failed to make reasonably prompt
				settlement of just claims for losses and/or return premiums the commissioner
				may declare such insurer no longer an eligible surplus lines insurer. The
				commissioner shall promptly mail notice of all such declarations to each
				surplus lines broker at such broker's address last of record with the
				commissioner.