Connecticut HB05373 revises insurance statutes to implement recommendations from the Insurance Department.
Connecticut HB05373 revises insurance statutes to implement recommendations from the Insurance Department. Key provisions include changes to the definition of "covered claim," adjustments to the process for handling transfers of insurance obligations, and modifications to the procedures for external and expedited external reviews of adverse determinations. The bill also updates the requirements for third-party administrators and insurers, including new provisions for cybersecurity insurance and the handling of life settlements.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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