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ID S1371
Bill
AI Summary
Senate Bill 1371 Summary
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Establishes that the Department of Insurance has exclusive authority to uniformly license and regulate bail agents throughout Idaho, with the Idaho Supreme Court retaining inherent authority to regulate bail transactions with the court.
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Adds definitions of key terms including "bail," "bail agent," "bail bond," "collateral," and "retail consumers of bail bonds" to clarify regulatory requirements for bail bond transactions.
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Authorizes the director to suspend a bail agent's license for up to six (6) months without a prior hearing if the agent is convicted of a felony or misdemeanor involving bad moral character, dishonesty, or intentional fraud in bail transactions.
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Requires the director to immediately notify all judicial district trial court administrators and sureties when a bail agent's license or surety certificate is revoked, suspended, or reinstated.
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Allows administrative district judges to order sheriffs and clerks not to accept new bail bonds from surety companies that fail to pay forfeited bail amounts, and to temporarily prohibit a bail agent's bonds while the director investigates potential license suspension grounds.
Legislative Description
Adds to and amends existing law relating to producer licensing to revise requirements and authority relating to the licensing of bail agents; to provide notice requirements; to clarify the Department of Insurance's responsibility relating to a surety performance bond; to provide a procedure to stay a certain obligation, to grant the administrative district judge authority to order the sheriffs and clerks of certain counties not to accept the posting of new bail bonds from certain surety insurance companies; and to provide a process and requirements for addressing a potential suspension of a bail agent's license.
PRODUCER LICENSING
Last Action
Governor signed Session Law Chapter 86 Effective: 07/01/10
3/25/2010