The General Assembly Raised Bill No. 6434 aims to implement technical revisions to various insurance-related statutes. Key changes include the repeal of certain subsections and their replacement with updated language to enhance clarity and functionality. For instance, in section 38a-16, the bill allows the Insurance Commissioner to issue subpoenas and conduct investigations more effectively, while ensuring compliance with data requests within thirty days. Additionally, it specifies that data provided in response to a data call is not subject to public disclosure.

Other notable revisions include updates to readability standards for insurance policies in section 38a-297, which now requires policies to achieve a minimum score on the Flesch reading ease test and mandates clear formatting. The bill also modifies the structure of the board of directors for the association in section 38a-556, allowing for proxy voting and weighted votes based on health insurance premiums. Furthermore, it clarifies definitions related to motor vehicle appraisers in section 38a-790 and adjusts penalties for violations in section 38a-792. Overall, the bill seeks to streamline and modernize the insurance regulatory framework.

Statutes affected:
Raised Bill: 14-67h