Raised H.B. No. 5253
Session Year 2014
 


AN ACT CONCERNING THE CONNECTICUT INSURANCE GUARANTY ASSOCIATION AND THE CONNECTICUT LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION.

To require a final order of liquidation instead of a determination of insolvency to trigger liquidation proceedings under CIGA, change the time period of coverage of covered claims under CIGA from thirty days to sixty days, increase the maximum coverage amount for claims under CIGA, and exclude Medicare Part C and Part D policies and contracts from coverage under CLHIGA.

Introduced by:
Insurance and Real Estate Committee

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   Text of Bill
 Raised Bill [pdf]

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Bill History

 Date Action Taken
 2/21/2014Public Hearing 02/25
 2/19/2014Referred to Joint Committee on Insurance and Real Estate

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