CT SB00453

5% surcharge imposed on property and casualty insurance policies for fossil fuel infrastructure including wells, pipelines, terminals, refineries, and utility-scale generation facilities, effective January 1, 2027

Home fuel delivery vehicles are explicitly exempted from the surcharge requirement

Commissioner of Energy and Environmental Protection must establish a "climate resilience account" within the General Fund to receive surcharge revenues; funds do not lapse at fiscal year end

Account funds allocated for three purposes: disseminating flood risk data to communities, establishing public awareness efforts in high-flood-risk communities, and providing grants for climate-resilient infrastructure construction

Insurance Commissioner responsible for collecting surcharges and depositing them into the climate resilience account