(a) A title insurer shall file with the commissioner all forms it proposes to use in this state, including (1) title insurance policies, including standard form endorsements and (2) commitments, binders or any other reports issued prior to the issuance of a title insurance policy. If the commissioner finds in his review of a filing that it does not violate section 38a-422, he shall approve the form within thirty days of filing. Prior to such approval, the commissioner may conduct public hearings with respect to the filing. Filings that the commissioner has failed to approve or disapprove within thirty days of filing shall be deemed approved. Upon notice to the insurer, the period for review of a form filing may be extended for an additional thirty days.
(b) A title insurer need not file reinsurance contracts and agreements.
(c) No title insurer may issue, directly or through a title agent, any policy after October 1, 1990, unless the policy form has been approved pursuant to this section. The commissioner may provide by regulation for interim use of forms in effect prior to October 1, 1990.
(P.A. 90-218, S. 22.)
Structure Connecticut General Statutes
Chapter 700a - Title Insurance
Section 38a-400. - Short title: Connecticut Title Insurance Act. Purpose.
Section 38a-401. - Application of act and construction with other laws.
Section 38a-402. - Definitions.
Section 38a-403. - Title insurers' authorized activities.
Section 38a-404. - Limitations on powers.
Section 38a-405. - Capital and surplus requirements.
Section 38a-406. - Single risk limitation.
Section 38a-407. - Underwriting standards and record retention.
Section 38a-408. - Unearned premium reserve.
Section 38a-409. - Use of reserve on liquidation, dissolution or insolvency.
Section 38a-410. - Loss and loss expense reserve.
Section 38a-411. - Reinsurance.
Section 38a-412. - Investments.
Section 38a-413. - Title agent licensing, exemptions.
Section 38a-414. - Prohibition on rebates and inducements.
Section 38a-415. - Division of premiums and charges.
Section 38a-416. - Disclosure of financial interest.
Section 38a-417. - Favored title agent or insurer.
Section 38a-418. - Premium rate standards.
Section 38a-419. - Premium rate schedules.
Section 38a-420. - Publication of schedules of premiums and charges.
Section 38a-421. - Form filing.
Section 38a-422. - Form standards.
Section 38a-423. - Notice of issuance of mortgage policy.