OLR Bill Analysis

sHB 5453

AN ACT CONCERNING THE RENEWAL OF LIABILITY INSURANCE POLICIES FOR UNDERGROUND STORAGE TANKS.

SUMMARY

This bill prohibits an insurance company from cancelling or not renewing a general liability insurance policy solely because it applies to an underground storage tank. The bill applies to any policy issued for or applicable to an underground storage tank that is issued or eligible for renewal on or after the bill's passage.

EFFECTIVE DATE: Upon passage

COMMITTEE ACTION

Environment Committee

Joint Favorable Substitute

Yea

30

Nay

0

(03/22/2018)