CT HB05381

Imposes a 0.5% surcharge on net direct premiums from homeowners and renters insurance policies for properties located in Connecticut, effective July 1, 2018.

Insurance companies must remit surcharge payments to the Insurance Commissioner by January 31 annually, with documentation substantiating the amount remitted.

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

Fund revenues shall be expended first for regional fire schools' operating budgets and Firefighter I certification training costs for paid and volunteer firefighters whose municipalities require criminal background checks.

Remaining funds shall support other firefighter training programs including Firefighter II certification and fire operations training.