On January 7, 2008, Connecticut Commissioner of Insurance, Thomas R. Sullivan, issued Bulletin PC-03 (the "Bulletin"), announcing a one-year pilot program under which certain lines of commercial insurance will be exempt from state rate and form filing requirements. During this period, insurers must submit to the Connecticut Insurance Department (the "Department"), for informational purposes only, forms, rates and rule filings exempted by the Bulletin with a cover letter or electronic code indicating the filings’ exempt status. The Department will utilize this program to analyze whether these commercial product lines are suitable for further exemption or should again be subject to rate and form filing requirements.

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