Sec. 38a-322. (Formerly Sec. 38-185v). Binders for personal and commercial risk insurance.
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specifying the hour of the day at which the insurance shall commence may be superseded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.