CT HB07003

Requires surety bail bond agents to pay an annual fee of $450 to the commissioner by January 31st, with licenses automatically expiring on February 1st if payment is not received (reinstatement allowed within 10 days of payment).

Limits commissioner examinations of licensees to no more than once every three years, unless the commissioner deems more frequent examinations necessary.

Establishes a separate "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.

Requires the commissioner to notify all licensed agents by December 15th annually about the automatic license expiration provision.

Authorizes the commissioner to adopt regulations establishing continuing education requirements for licensed surety bail bond agents.