CT Insurance Department debuts payment portal

By Phil Hall

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The Connecticut Insurance Department has added a portal to its website that will enable licensees to conduct online financial transactions with the agency.

Going forward, all producer requests for letters of certification and clearance letters will be processed through the portal, with the $26 fee made payable via credit card. The department stated that this will reduce the turnaround time from 10 business days to three business days. The portal will also become the sole transaction vehicle for the annual $450 assessment for licensed bail bondsmen.

β€œWe are very pleased to offer this business-friendly tool, a direct result of the LEAN processes we have adopted to achieve greater regulatory efficiency,” said Insurance Commissioner Katharine L. Wade. β€œThe new credit card portal significantly reduces the turnaround time for certain financial transactions, eliminates inefficient paper processing and postage costs, frees up staff for other duties and enhances the interactions our licensees have with their regulators.”

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  1. Raima Chowhdury

    This is indeed great news!
    A news of which I wasn’t aware of, that a portal has been included to the CT Insurance Department site that will make it possible with regards to licensees in order to carry out online fiscal dealings with the agency.

    Moreover, this was extremely crucial to cut down the time required to complete the task of fiscal dealings while getting rid of ineffective paper works.

    Thanks a lot Phil for sharing such valuable information.
    Much appreciated.
    Cheers! πŸ˜€

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