Placement rules change, not every policy term
Connecticut insurance statute changes took effect October 1, 2026 under Public Act 26-69. The legislature summary describes removal of a prior diligent-effort requirement affecting surplus-lines placements. That is a change to the route for obtaining coverage, not a rate cut for every policyholder.
Previously, for insurance lines not on the commissioner list of generally unavailable coverage, an insured and broker had to first make a diligent effort to obtain insurance from a licensed insurer and document specified policy information. The act eliminates that requirement, according to the official summary.
Reporting gives the regulator a separate tool
The act also allows the commissioner to require annual broker reports on the number and types of surplus-lines policies, covered real-property locations, total premiums and renewals. Its reporting provisions have specified exceptions. Removing a placement step does not mean the regulator has lost all ability to collect information.
Customers should still examine the actual insurer, coverage exclusions, price and policy conditions before choosing a placement. The summary does not establish that every surplus-lines policy is equivalent to an admitted-market policy or that coverage is always available. Ask the broker how the new rule affects your application rather than treating it as a blanket endorsement.