Insurance and Real Estate Committee
JOINT FAVORABLE REPORT
Bill No.: HB-6623
Title: AN ACT CONCERNING PROPERTY AND CASUALTY INSURANCE.
Vote Date: 3/22/2021
Vote Action: Joint Favorable Substitute
PH Date: 3/18/2021
File No.:
Disclaimer: The following JOINT FAVORABLE Report is prepared for the benefit of the
members of the General Assembly, solely for purposes of information, summarization and
explanation and does not represent the intent of the General Assembly or either chamber
thereof for any purpose.
SPONSORS OF BILL:
Rep. Dorinda Borer, 115th Dist.
Insurance and Real Estate Committee
REASONS FOR BILL:
The bill addresses concerns with insurance companies offering estimates and coverage and then
changing the coverage and estimates that was originally proposed. The bill will also allow there to
be updates on premium costs, a study of claims processing and a taskforce to understand how to
best address concerns regarding insurance for parties involved.
Proposed Substitute Language
Section 2 was removed from the original bill due to concerns that the language was vague,
and it is allowing people to opt out of insurance.
RESPONSE FROM ADMINISTRATION/AGENCY:
None expressed.
NATURE AND SOURCES OF SUPPORT:
None expressed.
NATURE AND SOURCES OF OPPOSITION:
American Property Casualty Insurance Association (APCIA) opposed the bill because it
is unnecessary and could have unintended negative consequences. It can lead to
circumstances where policy holders decline to purchases other structures coverage only to
find out that they lack necessary coverage following a loss. The bill can add unnecessary
costs to the process of issuing quotes due to the various criteria's that determine property
needs. The study included in the bill would determine claims processing which is
unnecessary because insurers have an expedited process following a disaster.
Eric George, President, Insurance Association of Connecticut opposed the bill. Allowing
a basic limit for types of assets helps ensure that insurers have protections for things not
thought of, adequate protection and keeps costs down. The bill would cause coverage issues
where there could be subject-risk shared liabilities exposures. Underwritings risks is a
detailed process which takes time and is tailored to each consumer therefore if the process
becomes automated it could come as an expense. The study is deemed unnecessary since
the insurance industry is of the most highly regulated industries in Connecticut and the entire
country.
Reported by: Christina Cruz Date: 04/06/2021
Page 2 of 2 HB-6623


Statutes affected:
Raised Bill:
INS Joint Favorable Substitute:
File No. 394: