Bill Text: CT HB07003 | 2017 | General Assembly | Comm Sub
Bill Title: An Act Concerning Surety Bail Bond Agents.
Spectrum: Committee Bill
Status: (Engrossed - Dead) 2017-05-11 - File Number 751 [HB07003 Detail]
Download: Connecticut-2017-HB07003-Comm_Sub.html
General Assembly |
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January Session, 2017 |
*_____HB07003INS___031017____* |
AN ACT CONCERNING SURETY BAIL BOND AGENTS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. Subsection (k) of section 38a-660 of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2017):
(k) (1) (A) To further the enforcement of this section and sections 38a-660b to 38a-660m, inclusive, as amended by this act, and to determine the eligibility of any licensee, the commissioner may, not more frequently than once during any three-year time period or as often as the commissioner deems necessary, examine the books and records of any such licensee. Each person licensed as a surety bail bond agent in this state shall, on or before January thirty-first, annually, pay to the commissioner a fee of four hundred fifty dollars to cover the cost of examinations under this subsection.
(B) If such person fails to pay such fee on or before January thirty-first, annually, the license of such person shall automatically expire on the February first immediately following, provided the commissioner shall immediately reinstate any such license if the commissioner receives such fee not later than ten days after such expiration.
(C) The commissioner shall notify, not later than December fifteenth, annually, each person licensed as a surety bail bond agent in this state about such automatic expiration provision.
(2) The fees received by the commissioner pursuant to subdivision (1) of this subsection shall be dedicated to conducting the examinations under said subdivision (1) and shall be deposited in the account established under subdivision (3) of this subsection.
(3) There is established an account to be known as the "surety bail bond agent examination account", which shall be a separate, nonlapsing account within the Insurance Fund established under section 38a-52a. The account shall contain any moneys required by law to be deposited in the account and any such moneys remaining in the account at the [close of the fiscal] end of each calendar year shall be transferred to the General Fund.
Sec. 2. Section 38a-660m of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2017):
The commissioner may adopt regulations, in accordance with the provisions of chapter 54, to (1) implement the provisions of section 38a-660, as amended by this act, and sections 38a-660b to 38a-660k, inclusive, and (2) establish continuing education requirements for persons licensed as surety bail bond agents in this state.
This act shall take effect as follows and shall amend the following sections: | ||
Section 1 |
October 1, 2017 |
38a-660(k) |
Sec. 2 |
October 1, 2017 |
38a-660m |
INS |
Joint Favorable Subst. |