Sec.38a-327-2. Types of coverage of risks

Claims-made coverage may not be provided in any policy delivered, issued for delivery or renewed in this state by a licensed insurer on or after the effective date of this regulation, unless the claims-made policy is issued for one of the following lines, sublines, risks or coverages:

(1) Directors and Officers Liability;

(2) Employee Benefits Liability;

(3) Errors and Omissions Liability;

(4) Excess Liability;

(5) Fiduciary Liability;

(6) Pollution and Environmental Impairment Liability;

(7) Products and Completed Operations Liability;

(8) Professional Liability;

(9) Public Entity Liability;

(10) Commercial general liability coverage for a large business entity generating gross revenues of at least one hundred million dollars ($100,000,000) annually, and where such risk develops an annual commercial general liability manual premium on a mature level on a claims-made basis of at least five hundred thousand dollars ($500,000); or

(11) Coverage for an individual risk or class of insurance based on a request by the insurer when such insurance is not generally available and is submitted to the Insurance Department and is approved by the Commissioner.

(Effective September 25, 1992; Amended September 9, 2013)