What is considered a "violation" under Connecticut's Insurance Code?

Engaging in deceptive or unfair practices in the business of insurance is deemed a violation under Connecticut's Insurance Code because the code is designed to protect consumers and maintain fair practices within the insurance industry. This includes ensuring that all transactions and communications within the business are conducted fairly, transparently, and honestly. Deceptive practices can undermine trust in the industry, harm consumers, and distort market competition. Such violations can result in penalties, fines, or other disciplinary actions against the insurers or agents involved.

The other options, while potentially serious issues within the insurance framework, do not directly constitute a violation under the insurance code. Failure to pay premiums, providing incorrect personal information, and having a lapse in coverage may reflect issues of compliance or result in negative consequences for the insured but do not fall under the specific category of violations aimed at protecting consumer rights and fostering ethical business practices in insurance.