Sec. 38a-322. (Formerly Sec. 38-185v). Binders for personal and commercial risk insurance. - Connecticut Statutes

      Sec. 38a-322. (Formerly Sec. 38-185v). Binders for personal and commercial risk insurance. Binders or other contracts for temporary insurance may be made, orally or in writing, for a period which shall not exceed sixty days, and shall be deemed to include all the terms and applicable endorsements, approved by the commissioner, as are designated in the policy to which the binder applies. The clause of such policy specifying the hour of the day at which the insurance shall commence may be superseded by the express terms of such contract of temporary insurance. The provisions of this section shall apply to any insurance policy which is subject to the provisions of sections 38a-663 to 38a-696, inclusive, except standard fire insurance policies and automobile liability insurance policies.

      (P.A. 85-55; P.A. 89-48, S. 3; P.A. 01-174, S. 8.)

      History: P.A. 89-48 increased to 60 the number of days a binder may be effective; Sec. 38-185v transferred to Sec. 38a-322 in 1991; P.A. 01-174 substituted reference to Sec. 38a-696 for Sec. 38a-697.