The commissioner shall approve any form filed under section 38a-421 only if the form (1) is logically and clearly arranged and is understandable to a person of normal intelligence without special insurance or legal knowledge or training, (2) does not contain or incorporate by reference any inconsistent, ambiguous or misleading clauses, exceptions or conditions deceptively affecting the risk purported to be assumed in the affirmative coverage of the contract, (3) does not contain any misleading title, heading or other indication of its coverage, (4) is not printed or otherwise reproduced in such a manner as to render any provision of the form substantially illegible and (5) is otherwise in compliance with sections 38a-400 to 38a-425, inclusive.
(P.A. 90-218, S. 23.)
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.