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CT HB05594

Bill

Status

Introduced

3/3/2016

Primary Sponsor

Finance, Revenue and Bonding Committee

Click for details

Origin

House of Representatives

2016 General Assembly

AI Summary

  • Imposes a 1% annual surcharge on net direct premiums from homeowners and renters insurance policies written on Connecticut property, effective July 1, 2016

  • Requires insurance companies to remit surcharge payments to the Insurance Commissioner by January 31st annually, with documentation substantiating the amount

  • Establishes the Connecticut Fire Safety Fund to receive surcharge revenues, distributed first to regional fire school operating budgets and firefighter training/certification costs

  • 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

  • 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

Committee Referrals

Finance, Revenue and Bonding3/3/2016

Full Bill Text

No bill text available