Topic: Connecticut Developments

Connecticut Insurance Commissioner Supports Bail Bond Reform

On February 19, 2009, Connecticut Insurance Commissioner Thomas R. Sullivan testified before the Connecticut Insurance and Real Estate Committee in support of House Bill 6354, titled “An Act Regulating Surety Bail Bond Agents” (the “Act”).  The Act would reform the bail bond industry and allow the Connecticut Insurance Department to better regulate the industry through stronger laws. 

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Connecticut Legislatures Proposes Sale Tax on Insurance Service Transactions

On February 9, 2009, the Connecticut Legislature held a public hearing regarding on House Bill 6349, An Act Concerning Sales Tax on Services (the “Bill”).  The Bill would eliminate the current exemption from the sales tax for professional, insurance, and personal services transactions found in Conn. Gen. Stat. § 12-412(11) and would specifically add professional, insurance, occupational, and personal service transactions to those services that are subject to the state’s sales and use tax under Conn. Gen. Stat. § 12-407(a)(37). 

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Hole-in-One Golf Marketer Fined $5.9 Million for Operating an Insurance Company Illegally

The Connecticut Insurance Department issued an Order for Default Judgment (the “Order”) and a $5.9 million fine against a marketer of hole-in-one golf contests for engaging in the business of insurance without a license, falsely representing that it is authorized to engage in the business of insurance, and engaging in various unfair insurance practices. 

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Connecticut Court Rules That Insured Contractor’s Faulty Work Cannot Constitute Occurrence

Earlier this month, the Connecticut Superior Court for the Judicial District of Waterbury, Complex Litigation Docket, ruled that where a contractor was sued based on allegations of poor workmanship, the allegations are not covered by the contractor’s general liability policy because they do not constitute an “occurrence.” 

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Information Security Breaches and Appropriate Responses – New Mandatory Security Rule in Massachusetts and Privacy Policy in Connecticut

An increase in data breaches affecting various  industries, including banking, insurance and other financial services, has been profiled recently.  These developments require companies to anticipate problems, develop new responsive policies and protective procedures, and react quickly to near-crisis situations resulting from data breaches. 

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Edwards Angell Palmer & Dodge Webinar: ‘Mortgage-Backed and Auction-Rate Securities: Structure, Litigation and Insurance Issues’

Edwards Angell Palmer & Dodge’s Insurance and Reinsurance Department will host a webinar on the above topic on Monday, September 29, 2008 at 12:00 PM EDT / 5:00 PM BST

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The National Association of Registered Agents and Brokers Reform Act of 2008 (H.R. 5611) receives support from the Connecticut Insurance Commissioner

Connecticut Insurance Commissioner Thomas Sullivan recently endorsed proposed federal legislation to streamline the insurance producer licensing process and establish uniformity in the qualifications that need to be met in order to conduct business in multiple states.  According to Sullivan, producer regulation is an area where there is a need for federal legislation. 

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