CT HB05235

Requires surety bail bond agents licensed in Connecticut to pay an annual fee of $450 to the Commissioner of Insurance on or before January 31st to cover examination costs.

Provides for automatic license expiration on February 1st if the annual fee is not paid by the deadline, with reinstatement available if payment is received within 10 days of expiration.

Mandates the Commissioner notify all licensed surety bail bond agents by December 15th annually about the automatic expiration provision.

Establishes a dedicated "surety bail bond agent examination account" within the Insurance Fund to hold examination fees, with remaining balances transferred to the General Fund at the end of each calendar year.

Authorizes the Commissioner to adopt regulations implementing the surety bail bond agent provisions and to establish continuing education requirements for licensed agents.