HB05262

Connecticut HB05262 revises electronic notice requirements for insurers, allows the State Insurance and Risk Management Board to fund reserves.

Connecticut HB05262 modifies electronic notice requirements for property and casualty insurers, allowing insurers to send notices electronically if agreed upon by the insured. It also permits the State Insurance and Risk Management Board to fund reserves using certain funds. The bill requires the Insurance Commissioner to review the motor vehicle glass repair national model and submit a report to the General Assembly by January 1, 2027. Additionally, it removes the Office of Health Strategy's study and reporting requirement related to prescription drug formularies.