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  1. Commercial I.D. cards | Ask PIA

    Could you review the law requiring commercial vehicles to have insurance I.D. cards?

    Connecticut General Statutes Section 14-112 requires all commercial registrants to maintain liability and uninsured/underinsured motorists coverage at least sufficient to satisfy the state’s minimum financial responsibility limits (20/40/10 BI/PD; 20/40 UM/UIM). This requirement means that all motor vehicles with commercial plates must carry a current insurance identification card at...

  2. Homeowners deductible | Ask PIA

    Our client had a homeowners claim involving a break-in. The $885 loss included $800 in cash stolen and $85 to repair the window. The policy was written with a $200 sublimit for cash and a $500 deductible. The company says that because of the $200 coverage limit on cash, they...

    Your client is correct if the carrier is using the ISO 1991 edition. Usually, deductibles and limits of insurance present no conflicts. However, in some situations both provisions may operate to reduce the insured's amount of recovery, and various ways of combining these provisions may create different results, as in...

  3. Minimum—earned premium | Ask PIA

    One of our commercial clients purchased a policy in the surplus lines market. It provides for a 25 percent minimum-earned premium. We now find we can do a better job for the client with another company, but even though the client is only in the first month of the first renewal...

    According to a spokesperson for the Department of Banking and Insurance (DOBI), a 25 percent minimum-earned premium would not be challenged by DOBI as a condition of a surplus lines policy. In the surplus lines market, clients are presumed to have had a more difficult time locating coverage and may...

  4. Policies for minors | Ask PIA

    We see some auto dealers that refuse to sell vehicles to someone who is under 17. The dealer requires that the parents purchase the vehicle. Then, the family comes to our office and wants to purchase the insurance in the minor’s name, because the parents don’t want the young driver...

    Regardless of the issue of enforcing contracts entered into with minors, New Jersey’s “take-all-comers” law requires you to forward an application on behalf of an “eligible person.” An eligible person includes a person who is an owner or registrant of an automobile registered and principally garaged in New Jersey or...

  5. Rental cars—‘loss of use’ | Ask PIA

    Our insured has a personal auto policy and is renting a vehicle while the insured vehicle is being repaired due to loss. The insured does not want to opt for the rental car company’s collision damage waiver because he believes his own policy would provide coverage, but we are concerned....

    The 2018 edition of the ISO Personal Auto Policy will automatically cover up to $30 per day ($900 maximum) toward obligations for loss of use under Transportation Expenses. The grant of Transportation Expenses coverage assumes that Part D—Coverage for Damage to Your Auto has been provided on at least one...

  6. Rental for business use | Ask PIA

    My insured is renting a van for a business trip. Does he have liability and physical damage coverage under his personal auto policy?

    Yes. The 1998 edition of the ISO Personal Auto Policy introduced liability and physical damage coverage for a nonowned van used for business purposes. However, physical damage coverage is contingent upon having at least one scheduled vehicle on the policy covered for physical damage (Part D). The 2005 edition of...

  7. Coverage territory | Ask PIA

    I am concerned about the coverage afforded by the commercial general liability policy for foreign liability situations. My insured does business overseas. Could you explain this issue?

    Yes. Check SECTION V—DEFINITIONS. The “coverage territory” includes (a) the U.S. (including its territories and possessions), Puerto Rico and Canada (we’ll call this the “U.S./Canada”) and (b) international waters or airspace, provided the trip or transportation is between two locations in the U.S./Canada. However, occurrences in other locations can be...

  8. Paid Family Leave—self-insured DBL | Ask PIA

    We have a client that self insures disability and does not have a disability policy that will include family paid leave. How would paid family leave be provided?

    Provision has been made in Part 361 Self-Insurance Regulation as follows: 361.1 Application. a. Employers self-insured under the provisions of Section 204 of the Workers’ Compensation Law prior to the effective date of the family leave benefit provisions of Section 204 and continuing to self insure...

  9. Rebating | Ask PIA

    Along with their homeowners insurance policy, a company included a discount coupon from a company that sells alarm systems. Would this be a form of rebating?

    The Connecticut anti-rebating law is very broad. Connecticut General Statutes Section 38a-825 provides in part ... “No insurance company doing business in this state, or attorney, agent, subagent or broker or any other person shall pay or allow, or offer to pay or allow, as inducement to insurance, any...

  10. Loss runs | Ask PIA

    What’s the requirement for companies to provide loss runs on request?

    It applies to all commercial-lines policies. C.G.S. Section 38a-326 provides that insurers shall provide, upon request of the principal named insured, a summary of policy claim information for a period of up to four years prior to the date of the request. Such information shall include the following: 1)...

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