CT SB00207

Limits Insurance Commissioner examinations of surety bail bond agents' books and records to once during any three-year period, except when good cause is shown for more frequent examinations.

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

Allows automatic reinstatement of expired licenses if the fee is received within ten days after expiration date.

Requires the Commissioner to notify all licensed surety bail bond agents by December 15th annually about the automatic expiration provision.

Establishes a dedicated "surety bail bond agent examination account" within the Insurance Fund, with remaining balances transferred to the General Fund at the end of each calendar year.

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