Substitute for Raised S.B. No. 841
Session Year 2021
AN ACT CONCERNING THE INSURANCE DEPARTMENT'S RECOMMENDED CHANGES TO THE INSURANCE STATUTES.
To: (1) Prohibit insurers, health care centers and fraternal benefit societies from requiring, or using the results of, genetic testing in connection with annuities and certain insurance policies; (2) provide that prohibited requirements for, and uses of, genetic testing violate the Connecticut Unfair Insurance Practices Act; (3) specify the reasons for which certain insurers may cancel certain homeowners insurance policies and manner in which such insurers must cancel such policies; (4) require the Insurance Commissioner to disapprove certain credit life insurance and credit accident and health insurance forms if the loss ratios contained in such forms do not satisfy certain criteria; and (5) reduce the total number of hours of study that an applicant for an insurance producer license must successfully complete for each line of insurance for which such applicant is seeking such license.