General Assembly Proposed Bill No. 26
January Session, 2021 LCO No. 105
Referred to Committee on INSURANCE AND REAL ESTATE
Introduced by:
SEN. ANWAR, 3rd Dist.
AN ACT CONCERNING CRUMBLING CONCRETE FOUNDATIONS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
1 That title 38a of the general statutes be amended to: (1) Extend the
2 sunset date for Connecticut Foundation Solutions Indemnity Company,
3 Inc.; and (2) require the Insurance Commissioner to study methods
4 available to accelerate responses by insurers to claims under
5 homeowners insurance policies for foundation deterioration due to the
6 presence of pyrrhotite.
Statement of Purpose:
To: (1) Extend the sunset date for Connecticut Foundation Solutions
Indemnity Company, Inc.; and (2) require the Insurance Commissioner
to study methods available to accelerate responses by insurers to claims
under homeowners insurance policies for foundation deterioration due
to the presence of pyrrhotite.
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