CT HB05246

Establishes automatic license expiration on February 1st for surety bail bond agents who fail to pay the $450 annual examination fee by January 31st, with the Commissioner required to provide annual notice of this provision.

Changes the transfer date of remaining funds in the surety bail bond agent examination account from the close of the fiscal year to the end of each calendar year, with funds transferred to the General Fund.

Authorizes the Commissioner to adopt regulations governing reinstatement of automatically expired or lapsed licenses, including timeframes for reinstatement requests and authority to impose late fees.

Modifies license renewal provisions to require satisfactory proof that applicants possess required qualifications and that license issuance is not contrary to licensing provisions of the insurance title.

Grants the Commissioner authority to establish continuing education requirements for licensed surety bail bond agents through regulation.

Effective date: October 1, 2015 for all provisions.