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  1. Guaranty associations | Ask PIA

    I have an admitted market for a hard-to-place line. In my advertising, I would like to call attention to the protection afforded by Connecticut’s Guaranty Fund. But I recall reading this is not allowed. What’s the story?

    You’re right to be cautious. While Sections 38a-852 and 38a-871(e) of the Connecticut General Statutes does allow for the distribution of publications describing the general purposes and current limitations of the Connecticut Insurance Guaranty Association and the Connecticut Life and Health Guaranty Association—if such publications have been approved by the...

  2. Test drives | Ask PIA

    Where does it say that the personal auto policy is primary when someone is test driving a car?

    Generally, coverage under the named insured’s personal auto policy is excess if the vehicle is not owned. However, an exception is mandated by Motor Vehicle Law Section 14-60 when the nonowned vehicle belongs to a garage that sells or repairs vehicles. In this case, the personal auto policy is primary...

  3. Company withdrawal | Ask PIA

    One of the insurers we represent is withdrawing from Connecticut, although it has not terminated our agency contract. Now it has started sending out nonrenewal notices, with only 30 days’ advance notice to the insured. Is this correct?

    It is possible that the statutory provisions protecting the policyholders of terminated agents may apply in this case, even if you have not been officially terminated. In Bulletin PC-34 (Dec. 20, 2000), in response to a query by PIACT, then-Commissioner Susan F. Cogswell ruled: In keeping with...

  4. BRB now company’s option | Ask PIA

    Did the auto insurance reforms totally eliminate Basic Reparations Benefits (BRB) as a coverage?

    Not necessarily. A company is free to continue offering basic reparations benefits or added reparations benefits coverage but is no longer required to do so. When you hear about the law “eliminating no-fault,” the reference often is to the elimination of the mandatory offer of basic reparations benefits and...

  5. Suspending a vehicle | Ask PIA

    Under Connecticut’s program to detect uninsured motorists, will my insureds be subject to penalties if they suspend coverage on a vehicle?

    The law obligates the insurer to notify the Connecticut Department of Motor Vehicles only in case a private-passenger automobile liability policy itself is canceled—not if coverage (e.g., liability coverage but not physical damage) is deleted or suspended. If your insured is taking the vehicle off the road temporarily (for a...

  6. Exempt from detection program | Ask PIA

    Are commercial vehicles—for example, a fleet of private-passenger-type autos—subject to the uninsured motorist detection program?

    Yes, due to an amendment brought about by legislation in 1994 (Public Act 94-243), C.G.S. 14-12(b) applies to vehicles with commercial registrations as well as to vehicles with personal registrations.

  7. New license | Ask PIA

    I just passed the Connecticut licensing exam. Can I start selling insurance now?

    After passing the exam, you must wait until your application is processed by the Insurance Department’s licensing bureau and your license actually is issued. You may start selling as of the day your license is officially issued. You do not have to wait until it actually is received in the...

  8. Credit card premium payments | Ask PIA

    Does Connecticut have any laws concerning the issue of whether an insurance agent may accept premium payments through the use of credit cards?

    Connecticut’s laws do not address agents’ acceptance of premium payments by credit cards and the Connecticut Insurance Department has not issued any formal written statements on the subject.The department has commented, however, that the use of credit cards to pay insurance premiums is acceptable as long as the client does not...

  9. Insurance fraud | Ask PIA

    Is it considered insurance fraud if an insured alters a certificate of insurance and gives it to a third party?

    Yes. The conduct constitutes a material act or omission with the intent to gain an insurance benefit—being eligible to do business with the third party based on a false and fraudulent representation that the required level of coverage was present. The insurance benefit would be the appearance of having the...

  10. Liability coverage—group basis | Ask PIA

    I believe that liability insurance can be written on a group basis in New Jersey without adhering to the provisions of the Risk Retention Act. Can you confirm this?

    Yes. There really are no “provisions” governing regulation of purchasing groups in the federal Risk Retention Act. The act defines and creates “purchasing groups” that purchase liability on a group basis, but has no enforcement mechanism of its own and relies on the state insurance departments for its implementation. ...

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