§ 92-b. Telephone deposits and payment plans for the elderly. 1. The commission shall require all telephone corporations to exempt the dwelling units of all subscribing individuals who are sixty-two years of age or older from any cash deposit requirement except where the corporation can show that the subscriber is a bad credit risk according to standards set by the commission.

2. The commission shall require all telephone corporations to offer residential customers who are sixty-two years of age or older, as an alternative to monthly billing, a plan for payment on a quarterly basis, of charges for telephone service rendered by such corporations, provided that such customer's average annual billing is not more than one hundred fifty dollars. The commission may establish such terms and conditions for plans required under this section as it deems necessary or proper.