Connecticut Insurance Supplement - Questions & Terms Answered Correctly – Expert Verified | Latest Version 2024/2025

A person has the right to request a correction, amendment or deletion of incorrect information regarding themselves. How long does the insurer have to change the information or refuse to do so? - 30 days ***Note: The person can file a concise statement specifying what they believe the correct info is and why they disagree with the insurer's refusal to change it. A person, firm, partnership, association or corporation holding a license in the state of CT (or a license in a trade name) has 30 days to notify the Commissioner of insurance, in writing, of what kinds of changes? What are the penalties? - 1. Change of business or resident address. 2. Change in employer. 3. Change in name. 4. Change in licensed members of a firm, partnership, corporation etc. 5. Any bankruptcy proceedings. 6. Felony conviction. 7. An administrative action taken against the licensee in another state. 8. After an initial pretrial hearing, any criminal prosecution in any jurisdiction against the licensee. 9. After the final disposition, any administrative action against the licensee in another jurisdiction or by a government agency in this state. Penalties: $5000 fine, revocation or suspension of the license.