Connecticut Administrative Code
Title 38a - Insurance Department
328 - Connecticut FAIR Plan
Section 38a-328-10 - Provisional binder. Estimated premium
Universal Citation: CT Reg of State Agencies 38a-328-10
Current through March 14, 2024
(a) To prevent lapses of insurance coverage for risks eligible under the program, before coverage has been made available or declined, the insurance requested, subject to all provisions of this program, will be automatically effective on the twenty-first day following the date the application was received or such later date requested by the insured on the application if:
(1) through no fault of the applicant,
coverage has not been either offered or denied within twenty calendar days
after the date the request for inspection was received, and
(2) the applicant, at any time prior to the
receipt of a report indicating that the property is uninsurable, pays the
estimated annual premium.
(b) Manual rates shall be used in developing the estimated annual premium which shall be subject to an appropriate premium adjustment, based on an inspection of the property.
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