What does the "prompt payment" law require from insurers in Connecticut?

The "prompt payment" law in Connecticut mandates that insurers pay claims within 30 days of receiving all necessary documentation. This requirement is designed to ensure that policyholders receive timely resolution of their claims, which promotes fairness and efficiency in the claims handling process. By setting a clear timeline, the law aims to protect consumers and avoid unnecessary delays that could lead to financial hardship or frustration for policyholders.

In this context, the other options do not pertain to the prompt payment law. Notifications about premium changes, providing annual statements, or offering discounts for fast claims are separate actions that insurers may take, but they do not relate to the requirement for prompt claim payments. Focusing on the timely payment of claims underscores the state’s commitment to consumer protection in the insurance industry, making option B the correct choice.