1. Forms
2. CR
3. CR-02-29

What the Form Is

The CR 02 29 "Connecticut Changes" endorsement is a state-specific form used to amend standard commercial crime insurance policies to comply with the laws, regulations, and common practices of Connecticut. Its primary function is to introduce modifications to policy language, ensuring that the coverage provided aligns with Connecticut-specific requirements that may differ from general policy provisions.

Classes of Business It Applies To

This endorsement is typically attached to Commercial Crime policies, particularly those issued to governmental entities or other organizations in Connecticut. For example, a Connecticut town or municipality purchasing a Government Crime Policy (such as the CR 00 26) would likely see this endorsement included to tailor the coverage to state specifics. It can also apply to other commercial insureds requiring crime coverage in Connecticut where state-specific modifications are necessary.

Special Considerations

• Mandatory Application: In many instances, this endorsement may be mandatory for crime policies written for insureds in Connecticut to ensure compliance with state insurance laws.
• Scope of Changes: The changes introduced by this endorsement can vary. They might pertain to definitions within the policy (e.g., "employee," "occurrence"), conditions related to cancellation or nonrenewal, notice of claim requirements, or specific coverage grants or limitations mandated or commonly practiced in Connecticut.
• Review with Base Policy: It is crucial to review this endorsement in conjunction with the base crime policy and any other attached endorsements to understand the full scope of coverage and how Connecticut-specific provisions alter the standard terms.

Key Information for Agents and Underwriters

• Risk Assessment: Underwriters must be aware of the specific modifications made by CR 02 29 to accurately assess the risk profile for Connecticut-based insureds. These changes could impact the insurer's exposure.
• Compliance: Agents and underwriters are responsible for ensuring that policies issued in Connecticut include all necessary state-specific endorsements like CR 02 29 to avoid potential coverage gaps or regulatory issues.
• Explaining to Insureds: Agents should be prepared to explain to Connecticut clients how this endorsement affects their crime coverage, highlighting any deviations from standard policy terms.
• Edition Dates: It's important to use the correct edition date of the endorsement (e.g., 01 19 or 10 10) as stipulated by the insurer or regulatory filings, as changes can occur between editions.