Connecticut Insurance Rebating Law

Connecticut Insurance Rebating Law

The Connecticut anti-rebating law is very broad. Connecticut General Statutes Section 38a-825 provides in part ... "No insurance company doing business in this state, or attorney, agent, subagent or broker or any other person shall pay or allow, or offer to pay or allow, as inducement to insurance, any rebate of premium payable on the policy, or any special favor or advantage in the dividends or other benefits to accrue thereon, or any valuable consideration or inducement not specified in the policy of insurance."

The Connecticut Insurance Department has confirmed that while Section 38a-825 is still in effect, gifts or other consideration from an insurer or producer to a client not exceeding $15 per year does not offend Connecticut General Statutes Section 38a-825, the section of law related to rebating.

Where is the coverage for a bike vs car accident?

Where is the coverage for a bike vs car accident?