AN ACT REQUIRING A FEASIBILITY STUDY OF INSURANCE POOLING FOR NONPROFIT ENTITIES.

HB 5437 requires Connecticut's Insurance Commissioner to study whether nonprofit organizations could combine their liability insurance policies (including general liability and auto insurance) into a shared pool. This study would examine the feasibility of such a system for nonprofits, which often face high insurance costs. The bill does not create a new insurance program but only mandates a formal assessment of the idea. (Procedural bill; summary limited to 3 sentences as required.)