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CT HB05594
Bill
Status
3/3/2016
Primary Sponsor
Finance, Revenue and Bonding Committee
Click for details
AI Summary
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Imposes a 1% annual surcharge on net direct premiums from homeowners and renters insurance policies written on Connecticut property, effective July 1, 2016
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Requires insurance companies to remit surcharge payments to the Insurance Commissioner by January 31st annually, with documentation substantiating the amount
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Establishes the Connecticut Fire Safety Fund to receive surcharge revenues, distributed first to regional fire school operating budgets and firefighter training/certification costs
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Allows municipalities to request funds for Firefighter I certification training only if they require criminal background checks for firefighters and the firefighters have passed such checks
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Permits use of remaining fund balance for other firefighter training programs (Firefighter II, fire operations) or bulk purchases of fire equipment by municipalities
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 And Purchases Of Fire Equipment.
Last Action
Public Hearing 03/09
3/4/2016