CT Laws & Regulations

6

(CE) ____ hours must be applicable to each line of authority

10

Insurers must provide _____ days' written notice for cancellation due to nonpayment

9

To conform with regulations against writing controlled business, premiums for policies written for the general public must exceed ____ times the premiums on policies paid for by the producer, spouse, employer, or corporation controlled by those persons.

26

Workers' Compensation does not include persons providing service in a private home for fewer than ____ hours per week.

3

(CE) ____ hours must be on ethics and state insurance law and regulations

250/500/100 & $500000

(CT Automobile Plan) Maximum liability limits under the plan are: [split limit & CSL]

$35

(CT Automobile Plan) Producers may charge a _____ service fee with each initial policy.

25%

(CT Automobile Plan) The minimum down payment for a policy is _____ (%)

10

(Commercial Insurance) Notice of cancellation: ____ days in advance for cancellation for nonpayment

60

(Commercial Insurance) Notice of cancellation: ____ days in advance for cancellation, except for the following reasons: Nonpayment, Fraud/Material Misrepresentation/Reckless Acts/Criminal Conviction, Adverse Action by Commissioner

75%

(Worker's Comp) Total disability benefits equal ____ (%) of the claimants average net wages.

18 / 22

(Workers' Comp) Death benefits are provided for children up to age _____ (or age ____ for students).

75%

(Workers' Comp) Death benefits: ____ (%) of the employee's net wages are provided to the spouse for life, or until the spouse remarries.

$4000

(Workers' Comp) Death benefits: _____ ($) burial allowance

75%

(Workers' Comp) Partial disability benefits equal ____ (%) of the difference between the wages earned before and after injury.

3 / 7

(Workers' Comp) The waiting period for disability benefits is ____ days. However, if the disability continues for a period of ____ days, benefits will be retroactive back to the date of the injury.

25/50/25

CT financial responsibility minimum liability limits

$5000

Maximum fine for twisting

2

Producer licenses renew every ____ years

30

The commissioner must give notice _____ days before a hearing for unfair trade practices.

60

____ days' written notice is required if an insurer is nonrenewing an automobile policy.

30

_____ days notice for an insurer to terminate an agent appointment.

60

A binder is effective for ____ days or policy issuance, whichever is shorter

2

A certified insurance consultant (CIC) license renews every ____ years on September 30 in odd-numbered years.

30

Action may be taken against a liability insurer if judgements are not pay within _____ days.

60

After an auto policy has been in effect for _____ days, it may only be cancelled due to nonpayment of premium, or if the operator's license or vehicle registration has been revoked or suspended.

30

An insurer must act within ____ business days if an individual requests correction, amendment, or deletion of information (re: CT Insurance Information and Privacy Protection Act)

$20,000

Any person who knowingly obtains information concerning an individual from an insurance institution under false pretenses may be fined a maximum of __________.

5

Cancellation for reasons other than nonpayment of premium for a CT FAIR Plan policy (in days)

30

Change of legal name or address notification (in days)

30

Disclosure authorization forms for life, health, or disability insurance are valid for up to ____ months

1

Disclosure authorization forms for property and casualty insurance are valid for up to ____ year(s)

$20,000 / $100,000

For *intentional* privacy violations, the Commissioner may order a penalty of up to ____ for each violation / ___ aggregate

$2000 / $20,000

For *negligent* privacy violations, the Commissioner may order a penalty of up to ____ for each violation / ____ aggregate

24

Hours of continuing education credits required every two years

30

If an individual requests access to personal information obtained by an insurer, if must be provided within ____ days of the request

5

If the producer is not eligible for appointment, the Commissioner must notify the insurer within ____ days

24

Lawsuits against insurers must be filed within ____ months of the date of loss

18

License applicant's minimum age

40

Licensees must complete _____ hours of pre-licensing education per line

$25,000 / $250,000

Maximum fine for *knowingly* committing an unfair act (per violation / aggregate)

$5000 / $50,000

Maximum fine for committing an unfair act (per violation / aggregate)

$50,000

Maximum fine for violating a cease and desist order

$15,000

Maximum fine for violating an insurance law for which no other penalty is provided

90

Nonresident producers moving to Connecticut have this long to establish themselves as a resident producer without taking the state exam (in days)

10

Notice of cancellation for nonpayment for a CT FAIR Plan policy (in days)

30

Notice of cancellation: ____ days in advance for cancellation for all other reasons (P&C policies)

10

Notice of cancellation: ____ days in advance for cancellation for nonpayment of premiums (P&C policies)

60

Notice of nonrenewal for a CT FAIR Plan policy (in days)

60

Notice of nonrenewal: ____ days in advance for nonrenewal (P&C policies)

$10,000 / $20,000

Penalty for making false advertisements or false statements about financial information (first offense / subsequent offenses)

$20,000 / $100,000

Penalty for violation of privacy cease and desist order: up to ____ for each violation / up to ____ if the Commissioner finds that violations have occurred with such frequency as to indicate a general business practice

30

The CT Insurance Guaranty Association is liable for claims made prior to and within ____ days after determination of insurer insolvency.

30

The Commissioner has ____ days to verify that the producer is eligible for appointment.

180

The Commissioner may issue a temporary producer license for a maximum of _____ days to a surviving spouse, business partner, or employee if a producer dies, becomes disabled, or is called to active military service.

15

Timframe for insurers to report producer appointment to the Commissioner (in days)

30

Timframe to report administrative actions or criminal prosecution (in days)

15

____ days' written notice of cancellation is required if it is the first premium.

45

____ days' written notice of cancellation must be provided for all cancellations other than nonpayment.