OLR Bill Analysis

HB 6445 (as amended by House “A”)*

AN ACT CONCERNING HOMEOWNERS INSURANCE POLICY PREMIUMS.

SUMMARY:

This bill requires an insurer that increases an insured's homeowner's insurance policy rate to provide to the insured, at the time of renewal, a notice informing him or her that (1) the premium may have increased due to claim activity and (2) the insured may contact his or her agent or company representative for further information.

*House Amendment “A” eliminates provisions that (1) prohibited an insurer from increasing a homeowner's insurance policy rate because the insured submitted a damage claim resulting from a home invasion and (2) required an insurer that increases an insured's homeowner's insurance policy rate or imposes a penalty because of a claim he or she submitted to disclose to the insured, in writing at policy renewal time, (a) the specific increase or penalty amount due to the claim, (b) how long the increase or penalty will be effective, and (c) the date it will be removed.

EFFECTIVE DATE: October 1, 2009

BACKGROUND

Related Bill

The Insurance and Real Estate Committee favorably reported HB 6280, File 274, which extends the sunset date for the flex rating law for personal risk insurance.

COMMITTEE ACTION

Insurance and Real Estate Committee

Joint Favorable