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Auto dealer protection products singled out as non-insurance by trade group; committee questioned regulatory costs
Summary
A trade association representing vehicle-protection product providers urged the committee to designate dealer-sold vehicle-protection agreements as contract products rather than insurance, while lawmakers sought clarity on consumer complaint handling and fee assessments.
A national trade association representing providers and retailers of vehicle-protection products urged the committee to clarify that typical dealer-sold protection agreements are not insurance, arguing the change would align Connecticut with about 46 other states and preserve consumer access to repair and replacement benefits not covered by traditional auto insurance.
Bill summary and industry view
Bill proponents said the…
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