HI HB2868

Establishes a new regulatory framework under Chapter 804 of Hawaii Revised Statutes for bail bond agents, bail insurance companies, and compensated sureties operating in the state.

Defines key terms including "bail agent," "bail fugitive," "bail insurance company," "compensated surety," and "on the board" status for ineligible sureties.

Creates procedures for exonerating bail bond principals and sureties from bond liability upon satisfaction of bond conditions, payment of forfeiture, defendant death or foreign incarceration, or surrender of defendant into custody.

Implements a "board system" where courts record and disseminate names of compensated sureties prohibited from posting bail bonds due to unpaid forfeiture judgments, with notice and show cause hearing requirements.

Establishes automatic 90-day stays of execution on bail forfeiture judgments, procedures for removing sureties from the board upon judgment satisfaction, and mechanisms for remission of payments if defendant is apprehended within one year.