Connecticut General Statutes/Title 38a/Chapter 700/Section 38a-330

CGS § 38a-330. Transfer of policy to affiliate due to merger or acquisition. Notice.

Each property and casualty insurer that, at the time of policy renewal, transfers any policy to an affiliate as a result of a merger or acquisition of control, shall provide notice to policyholders at least sixty days prior to the effective date of transfer. Such transfer shall not require a nonrenewal or cancellation of the policy.

Short History

(P.A. 98-64; P.A. 06-109, S. 1; P.A. 15-118, S. 41.)

Long History

History: P.A. 06-109 provided that transfer shall not require cancellation of the policy; P.A. 15-118 made a technical change.

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