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CT HB05518

Bill

Status

Introduced

3/2/2016

Primary Sponsor

Insurance and Real Estate Committee

Click for details

Origin

House of Representatives

2016 General Assembly

AI Summary

  • Imposes a 0.5% surcharge on net direct premiums from homeowners and renters insurance policies written on Connecticut property, effective July 1, 2016, with annual remittance to the Insurance Commissioner by January 31st.

  • Establishes the Connecticut Fire Safety Fund as a separate, nonlapsing account within the General Fund to receive surcharge revenues.

  • Directs fund expenditures first to regional fire schools' operating budgets, then to Firefighter I certification training costs and fees for paid and volunteer firefighters in municipalities requiring criminal background checks.

  • Allows remaining fund moneys to offset costs of other firefighter training programs including Firefighter II certification and fire operations training.

  • Authorizes the Commissioner of Emergency Services and Public Protection to establish budget submission procedures, reporting requirements, and distribution methodologies for fund recipients.

Legislative Description

An Act Imposing A Surcharge On Certain Personal Risk Insurance Policies To Fund Regional Fire Schools' Operating Budgets And Certain Firefighter Training Costs.

Last Action

Tabled for the Calendar, House

4/19/2016

Committee Referrals

Finance, Revenue and Bonding4/12/2016
Insurance and Real Estate3/2/2016

Full Bill Text

No bill text available