General Assembly |
File No. 45 |
January Session, 2009 |
Senate, March 9, 2009
The Committee on Insurance and Real Estate reported through SEN. CRISCO of the 17th Dist., Chairperson of the Committee on the part of the Senate, that the bill ought to pass.
AN ACT REQUIRING A STUDY OF THE FEASIBILITY OF ESTABLISHING A STATE CATASTROPHE FUND.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (Effective from passage) (a) The Legislative Program Review and Investigations Committee shall study the feasibility of establishing a state catastrophe fund to offer reinsurance to the private insurance market at rates that reflect risk.
(b) Not later than February 1, 2010, said committee shall submit a report of its findings and recommendations with respect to the study specified in subsection (a) of this section to the General Assembly, in accordance with section 11-4a of the general statutes.
This act shall take effect as follows and shall amend the following sections: | ||
Section 1 |
from passage |
New section |
INS |
Joint Favorable |
The following Fiscal Impact Statement and Bill Analysis are prepared for the benefit of the members of the General Assembly, solely for purposes of information, summarization and explanation and do not represent the intent of the General Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of informational sources, including the analyst's professional knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.
OFA Fiscal Note
Explanation
This bill requires the Legislative Program Review and Investigations Committee to study the feasibility of establishing a state catastrophe fund and does not result in a fiscal impact.
The Out Years
OLR Bill Analysis
AN ACT REQUIRING A STUDY OF THE FEASIBILITY OF ESTABLISHING A STATE CATASTROPHE FUND.
The Office of Legislative Research does not analyze Special Acts.
COMMITTEE ACTION
Insurance and Real Estate Committee
Joint Favorable
Yea |
19 |
Nay |
0 |
(02/19/2009) |