House Bill No. 6434 proposes technical revisions to various insurance-related statutes in Connecticut. Key changes include the repeal and substitution of specific subsections in existing laws, such as section 38a-16, which now allows the Insurance Commissioner to issue data calls and subpoenas, and mandates compliance with production orders within thirty days. Additionally, the readability requirements for insurance policies have been updated in section 38a-297, ensuring policies are presented in a clear and accessible format. The bill also modifies the composition and voting procedures of the board of directors for the insurance association in section 38a-556, allowing for proxy voting and weighted votes based on net health insurance premiums.

Further amendments include clarifying definitions related to motor vehicle appraisers in section 38a-790 and adjusting penalties for violations in section 38a-792. The bill also repeals and substitutes language in section 14-67h to align with updated definitions of "major component parts." Overall, these revisions aim to streamline and clarify existing insurance regulations without imposing any fiscal impact on the state or municipalities. The bill is set to take effect upon passage.

Statutes affected:
Raised Bill: 14-67h
INS Joint Favorable: 14-67h
File No. 51: 14-67h