Connecticut § 38a-694 (Formerly Sec. 38-201dd). Legislative finding. Deregulation.

Connecticut Statutes

§ 38a-694 — (Formerly Sec. 38-201dd). Legislative finding. Deregulation.

Connecticut § 38a-694

Title 38aInsurance

Ch. 701Personal and Commercial Risk Insurance Rating Practices

This text of Connecticut § 38a-694 ((Formerly Sec. 38-201dd). Legislative finding. Deregulation.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 38a-694 (2026).

Text

It is found and declared that the purposes of subsection (d) of section 7-479e, section 38a-341, subsection (a) of section 38a-343, sections 38a-358, 38a-387, 38a-663, 38a-665, subsection (b) of section 38a-672, sections 38a-673, 38a-675, 38a-676, 38a-680, 38a-686 to 38a-694, inclusive, and subdivision (9) of section 38a-816, are:

(1)To prohibit noncompetitive behavior by insurers;

(2)to protect policyholders and the public against the adverse effects of excessive, inadequate or unfairly discriminatory rates;

(3)to promote price competition among insurers so as to provide rates which are responsive to competitive market conditions;

(4)to promote sufficient consumer activity in the marketplace in order to generate a regulatory effect on price;

(5)to improve availability, fairness and r

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It is found and declared that the purposes of subsection (d) of section 7-479e, section 38a-341, subsection (a) of section 38a-343, sections 38a-358, 38a-387, 38a-663, 38a-665, subsection (b) of section 38a-672, sections 38a-673, 38a-675, 38a-676, 38a-680, 38a-686 to 38a-694, inclusive, and subdivision (9) of section 38a-816, are: (1) To prohibit noncompetitive behavior by insurers; (2) to protect policyholders and the public against the adverse effects of excessive, inadequate or unfairly discriminatory rates; (3) to promote price competition among insurers so as to provide rates which are responsive to competitive market conditions; (4) to promote sufficient consumer activity in the marketplace in order to generate a regulatory effect on price; (5) to improve availability, fairness and reliability of insurance; (6) to authorize essential cooperative action among insurers in the rate- making process and to regulate such activity to prevent practices that tend to substantially reduce competition or create a monopoly; (7) to encourage the most efficient and economic marketing practices; (8) to provide price and other information to enable consumers to purchase insurance suitable for their needs and to foster competitive insurance markets; and (9) to provide the Insurance Commissioner with authority to impose regulatory controls in the event that the other purposes are not accomplished.

Legislative History

(P.A. 82-353, S. 1.) History: Sec. 38-201dd transferred to Sec. 38a-694 in 1991 (Revisor's note: In 1995 the reference to Sec. “38a-386” was deleted editorially by the Revisors to reflect the repeal of that section by public act 93-297, S. 28 and in 1999 the reference to Sec. “37a-676” was changed to “38a-676” to correct a typographical error).