1. Forms
2. CR
3. CR-01-67

What the form is

The CR 01 67 "Connecticut Changes" endorsement is designed to amend standard crime insurance policies to conform with the specific statutory requirements and insurance practices of the state of Connecticut. It is attached to policies such as Commercial Crime Coverage Forms, Commercial Crime Policies, Employee Theft and Forgery Policies, Government Crime Coverage Forms, and Government Crime Policies to ensure that the contractual language aligns with Connecticut law.

Classes of business it applies to

This endorsement applies to any commercial or governmental entity that has operations in Connecticut and is insured under one of the crime policies that this endorsement modifies. Examples include:

• Municipalities and other governmental bodies in Connecticut, as seen with the Town of Newington.
• Commercial businesses of various types operating within Connecticut that require crime-related insurance coverage.

Special considerations

The CR 01 67 is crucial for policies written in Connecticut as it tailors the broader, often multi-state, policy language to meet local legal mandates. One specific example of a change this endorsement might introduce is altering terminology related to policy cancellation or nonrenewal to match Connecticut's specific requirements; for instance, replacing "cancelled" and "cancellation" with "cancelled/nonrenewed" and "cancellation/nonrenewal". Failure to include this endorsement where required could lead to non-compliance with state insurance regulations, potentially rendering certain policy provisions unenforceable or creating coverage disputes.

Key information for agents and underwriters

For Agents: It is vital for agents servicing clients in Connecticut to ensure that the CR 01 67 endorsement is included with all applicable crime insurance policies. This ensures compliance and proper coverage for their clients according to Connecticut law. They should explain the nature of these state-specific changes to the insured.

For Underwriters: Underwriters must be familiar with the modifications introduced by this endorsement as they can affect the insurer's obligations and rights under the policy in Connecticut. For example, changes to cancellation/nonrenewal provisions can impact how and when an insurer can terminate coverage. Understanding these state-specific alterations is essential for accurate risk assessment and ensuring the policy administration aligns with Connecticut's legal framework. They should also be aware of the specific edition date of the endorsement being used, as provisions might differ between editions (e.g., '05 06' vs. '10 10').