Senate Bill No. 509
               Senate Bill No. 509

              PUBLIC ACT NO. 98-213


AN  ACT  CONCERNING  PREMIUM  BILLING  NOTICE  FOR
COMMERCIAL RISK INSURANCE POLICIES.


    Be  it  enacted  by  the  Senate  and House of
Representatives in General Assembly convened:
    Subsection  (b)  of  section  38a-323  of  the
general statutes is  repealed and the following is
substituted in lieu thereof:
    (b) (1) On  or  before  September  30, 1987, a
premium billing notice  for  any policy subject to
the requirements of  sections  38a-663 to 38a-697,
inclusive, except a  workers' compensation policy,
shall be mailed or delivered to the insured by the
insurer or its agent not less than forty-five days
in advance of  the renewal date or the anniversary
date of the  policy.  On or after October 1, 1987,
such notice shall be so mailed or delivered to the
insured not less  than  thirty  days in advance of
the policy's renewal  or  anniversary date, EXCEPT
THAT ON OR  AFTER  THE EFFECTIVE DATE OF THIS ACT,
SUCH NOTICE SHALL NOT BE REQUIRED FOR A COMMERCIAL
RISK POLICY IF  THE PREMIUM FOR THE ENSUING POLICY
PERIOD IS TO INCREASE LESS THAN TEN PER CENT ON AN
ANNUAL BASIS. The  premium billing notice shall be
based on the  rates  and  rules  applicable to the
ensuing  policy period.  The  provisions  of  this
subsection shall apply  to  any  such  policy  for
which  the annual  premium  was  less  than  fifty
thousand dollars for  the  preceding annual policy
period.
    (2) For purposes of any commercial risk policy
subject to the requirements of sections 38a-663 to
38a-697, inclusive, except a workers' compensation
policy,  the mailing  or  delivery  of  a  premium
billing notice by  an  insurer's  managing general
agent,  in  accordance   with  the  provisions  of
subdivision   (1)  of   this   subsection,   shall
constitute compliance by  such  insurer  with said
subdivision.

Approved June 8, 1998