(a) Any individual, partnership, corporation or unincorporated association providing group life insurance coverage for its employees shall furnish each insured employee, upon cancellation or discontinuation of such life insurance, notice of the cancellation or discontinuation of such insurance. The notice shall be mailed or delivered to the insured employee not less than fifteen days next preceding the effective date of cancellation or discontinuation. Any individual or any such entity that fails to provide timely notice shall be fined not more than two thousand dollars for each violation. The Labor Commissioner shall have the authority to assess all such fines. This section shall apply to any such individual, partnership, corporation or unincorporated association that substitutes one policy providing such group life insurance coverage for another such policy with no interruption in coverage.
(b) If any individual or any such entity fails to furnish notice pursuant to subsection (a) of this section, the individual or entity shall be liable for benefits to the same extent as the insurer would have been liable if coverage had not been cancelled or discontinued.
(P.A. 90-243, S. 148; May 25 Sp. Sess. P.A. 94-1, S. 104, 130; P.A. 08-178, S. 14.)
History: May 25 Sp. Sess. P.A. 94-1 amended Subsec. (a) by making technical change, effective July 1, 1994; P.A. 08-178 amended Subsec. (a) by making technical changes and increasing maximum fine from $1,000 to $2,000 per violation.
Structure Connecticut General Statutes
Chapter 700b - Life Insurance, Annuities, Burial Contracts and Life Settlements
Section 38a-431. (Formerly Sec. 38-153). - Group insurance.
Section 38a-432. (Formerly Sec. 38-154). - Annuities.
Section 38a-432a. - Regulations concerning consumer annuity transactions.
Section 38a-434. (Formerly Sec. 38-155). - Insurance against accident and disease.
Section 38a-437. (Formerly Sec. 38-158). - Copy of application to be furnished.
Section 38a-438. (Formerly Sec. 38-130b). - Short title: Standard Nonforfeiture Law.
Section 38a-441. (Formerly Sec. 38-159c). - Notice to insured when life insurance policy paid up.
Section 38a-442. (Formerly Sec. 38-156). - Dating back of policies prohibited.
Section 38a-443. (Formerly Sec. 38-147). - Premium notes.
Section 38a-444. (Formerly Sec. 38-147b). - Life insurance policy loans. Interest rate allowable.
Section 38a-445. (Formerly Sec. 38-160). - Deferring the granting of loans and surrender values.
Section 38a-446. (Formerly Sec. 38-149). - Discrimination in favor of individuals prohibited.
Section 38a-447a. - Exclusion of coverage on the basis of naloxone prescription prohibited.
Section 38a-448 and 38a-449. (Formerly Secs. 38-151 and 38-152). - Affidavit of examining physician.
Section 38a-451. (Formerly Sec. 38-159a). - Trustee as beneficiary of policy.
Section 38a-452. (Formerly Sec. 38-159b). - Payment of interest on life insurance death benefits.
Section 38a-453. (Formerly Sec. 38-161). - Rights of creditors of insured against beneficiary.
Section 38a-455. - Assignment of incidents of ownership under group life policy.
Section 38a-457. - Accelerated benefits of life insurance policies.
Section 38a-460. - Accumulation fund arrangements. Definition.
Section 38a-464. (Formerly Sec. 38-32). - Burial contracts; license from Insurance Commissioner.
Section 38a-465. - Definitions.
Section 38a-465a. - Licensing of life settlement providers and brokers.
Section 38a-465b. - Denial, suspension or revocation of license. Refusal to renew license. Appeals.
Section 38a-465f. - Required disclosures.
Section 38a-465h. - Premium finance loans. Disclosures and certifications.
Section 38a-465i. - Violations.
Section 38a-465k. - Injunctions. Cease and desist orders. Damages.
Section 38a-465l. - Penalties.