MO SB395

Increases initial basic training requirement for bail bond agents from 24 to 40 hours and increases biennial continuing education from unspecified to 8 hours.

Raises maximum license fees for general bail bond agents from $150 to $300 every two years and increases quarterly financial statement filing fees to $50 per filing.

Requires applicants to have not had final adjudication or plea of guilty for felonies or crimes of moral turpitude instead of meeting prior surety qualification requirements, with exemption for currently licensed agents as of August 28, 2011.

Requires general bail bond agents to deposit $10,000 in assets with the department in a financial institution of the department's choosing rather than assigning assets to the state, and increases nonresident agents' deposit requirement from $10,000 to $25,000.

Changes financial reporting requirements from monthly sworn affidavits stating no unsatisfied judgments to annual financial statements with initial application and quarterly thereafter, and establishes a 15-times leverage limit on outstanding bonds relative to agent assets.