Connecticut Administrative Code
Title 38a - Insurance Department
327 - Claims-made Liability Insurance Policies
Section 38a-327-2 - Types of coverage of risks
Current through March 14, 2024
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.
