Section 38a-23 - Biannual report by commissioner re climate-related risks and climate change(a) Not later than April 1, 2022, and biennially thereafter until April 1, 2032, the Insurance Commissioner shall submit a report, in accordance with section 11-4a, to the joint standing committee of the General Assembly having cognizance of matters relating to insurance. The report shall disclose, for the preceding two calendar years, the Insurance Department's: (1) Progress toward: (A) Addressing climate-related risks, including, but not limited to, the department's progress toward integrating such risks into:(i) Risk-based capital requirements;(ii) Regular supervisory examinations; and(iii) Own risk and solvency assessments; and(B) Incorporating the reduced levels of emissions of greenhouse gas established in section 22a-200a into the department's regulatory and supervisory actions by, among other things, addressing the impacts of thermal coal, tar sands and Arctic oil and gas; and(2) Regulatory and supervisory actions to bolster the resilience of insurers to the physical impacts of climate change.(b) The commissioner may engage the services of third-party actuaries, professionals and specialists that the commissioner deems necessary to assist the commissioner in fulfilling the requirements of this section.Conn. Gen. Stat. § 38a-23
Added by P.A. 21-0002,S. 312 of the Connecticut Acts of the 2021 Special Session, eff. 10/1/2021.