2025 Regular SessionConnecticut Legislature

HB07038: An Act Requiring A Study Of The Feasibility Of Establishing A Captive Insurance Company Or Using Parametric Insurance To Provide Financial Assistance To Farmers Impacted By The Effects Of Severe Weather.

Legislative Summary

To require that the Insurance Commissioner, in consultation with the Commissioner of Agriculture, conduct a feasibility study for establishing a captive insurance company or providing insurance coverage through parametric contracts to provide financial assistance to farmers in the state impacted by the effects of severe weather.

Demographic Impact

Overall analysis of equity impact

90% Positive
High ConfidenceView detailed demographic breakdown ↓

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Bill History

2/20/2025
Referred to Joint Committee on Insurance and Real Estate
House of Representatives
2/21/2025
Public Hearing 02/27
House of Representatives
3/13/2025
Joint Favorable
House of Representatives
3/14/2025
Filed with Legislative Commissioners' Office
House of Representatives
3/24/2025
Referred to Office of Legislative Research and Office of Fiscal Analysis 03/31/25 12:00 PM
House of Representatives
3/31/2025
Reported Out of Legislative Commissioners' Office
House of Representatives
3/31/2025
Favorable Report, Tabled for the Calendar, House
House of Representatives
3/31/2025
House Calendar Number 244
House of Representatives
3/31/2025
File Number 362
House of Representatives

Roll Call Votes

INS Vote Tally Sheet (Joint Favorable)
3/13/2025
13
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED

Status Information

Current Status
Introduced(2/20/2025)
Chamber
House of Representatives

Documents

Comm Sub
Bill Text3/31/202560.6 KB
Introduced
Bill Text2/19/202561.4 KB
Fiscal Note
Fiscal Note3/31/202564.8 KB
Analysis
Analysis3/31/202532.3 KB