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Troutman Pepper Locke publishes Connecticut insurance premium explanation alert
Troutman Pepper Locke said it published an InsureReinsure article on Connecticut Insurance Bulletin PC-94-26, issued September 17, which implements Public Act 26-69’s requirement that personal risk insurers explain premium increases on request from January 1, 2027. The firm said insurers must accept requests by mail, telephone and email, respond within 20 business days, print a prominent 12-point bold statement at the start of billing notices, and file revised notices through SERFF before December 1, 2026.
Key points
- Troutman’s article examined the placement and format of statements in premium billing notices.Troutman Pepper Locke
- The publication discussed requests submitted by mail, telephone and email.Troutman Pepper Locke
- The firm’s article addressed response periods and documentation of verbal explanations.Troutman Pepper Locke
- Troutman also discussed revised notice filings and tracking the volume of policyholder requests.Troutman Pepper Locke