CT HB07175

Limits commissioner examinations of surety bail bond agents to no more than once per three-year period, unless good cause is shown for more frequent examinations.

Requires each licensed surety bail bond agent to pay an annual fee of $450 by January 31st to cover examination costs, with automatic license expiration on February 1st if payment is not made.

Allows agents a 10-day grace period after license expiration to reinstate by paying the fee, and requires the commissioner to notify all agents by December 15th annually about the automatic expiration provision.

Establishes a separate "surety bail bond agent examination account" within the Insurance Fund to receive and hold examination fees, with any remaining balance transferred to the General Fund at the end of each calendar year.

Authorizes the commissioner to adopt regulations implementing these provisions and to establish continuing education requirements for licensed surety bail bond agents.