CA AB1406

Establishes a Bail Investigation and Prosecution Fund within the Insurance Fund, funded by a $15 fee per bail bond transaction paid by surety insurers and bail permittees.

Distributes fund revenues as follows: 70% to the Department of Insurance for consumer enforcement and protection related to bail transactions, and 30% to county district attorneys and city attorneys for investigating and prosecuting bail abuse cases.

Requires the Insurance Commissioner to reduce the assessment amount if the fund balance exceeds $8,000,000 as of June 30 of any calendar year.

Mandates the Commissioner to provide an annual report on the department's website detailing consumer complaints, investigations, enforcement actions, and other bail bond transaction-related metrics.

Designates information concerning criminal investigations submitted to the Commissioner as confidential, with legislative findings supporting this limitation on public access.