What is the name of the act that prohibits unfair trade practices in insurance in Connecticut?

The act that prohibits unfair trade practices in insurance in Connecticut is known as the Connecticut Unfair Insurance Practices Act. This legislation is specifically designed to promote fair competition in the insurance industry by preventing practices that would be deemed unfair or deceptive. It outlines a variety of prohibited practices that insurers must avoid, such as misrepresentation, fraud, and the use of misleading or discriminatory practices in the sale of insurance products.

The focus of this act is to protect consumers and ensure that they are treated fairly by insurance providers. By clearly defining what constitutes unfair practices, the act helps maintain integrity within the insurance market, fostering trust between consumers and insurers.

Other acts mentioned do not specifically address unfair trade practices in the realm of insurance. For instance, the Connecticut Fair Practices Act may pertain to broader consumer rights but is not solely focused on insurance. Similarly, the Connecticut Consumer Protection Act covers a wider range of consumer protection issues beyond insurance alone. The Connecticut Insurance Regulation Act would be more about the regulatory framework governing the insurance industry rather than specific prohibitions on unfair practices. Thus, the correct answer directly relates to the specific focus on preventing unfair trade practices in the insurance context.