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CT HB05209
Bill
Status
6/13/2018
Primary Sponsor
Insurance and Real Estate Committee
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AI Summary
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Imposes a $12 annual surcharge on homeowners insurance policies for dwellings with four or fewer units or condominiums, effective January 1, 2019 through December 31, 2029
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Requires insurers to remit all collected surcharges to the Insurance Commissioner by April 30 annually, with 85% transferred to the Crumbling Foundations Assistance Fund
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Establishes the Healthy Homes Fund within the General Fund to receive surcharge revenues for use by the Department of Housing
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Allocates up to $1 million in Healthy Homes Fund revenues to the Department of Economic and Community Development for grants to homeowners in West River area of New Haven/Woodbridge and Yale Golf Course area for structural damage and water infiltration
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Dedicates remaining Healthy Homes Fund revenues to a program reducing health and safety hazards in residential dwellings, including lead, radon, and other contaminants through remediation and abatement efforts
Legislative Description
An Act Imposing A Surcharge On Certain Insurance Policies And Establishing The Healthy Homes Fund.
Last Action
Signed by the Governor
6/13/2018