Regulations of Connecticut State Agencies (Last Updated: June 14,2023) |
Title38a Insurance Department |
SubTitle38a-328-1_38a-328-20. Connecticut FAIR Plan |
Sec.38a-328-5. Policy issuance
Latest version.
-
Upon determination by the FAIR Plan that an applicant is eligible for coverage, or renewal of coverage, and upon receipt by the FAIR Plan of the full amount of the required premium, the FAIR Plan shall issue a binding receipt and/or issue a policy within three working days.
If a condition charge is made the applicant shall be provided with a statement indicating the improvements necessary to remove the charge.
(Effective September 25, 1992)