MO HB935

Creates a five-member Bonding Review Board under the Department of Insurance, Financial Institutions and Professional Registration, with members appointed by the governor (1), senate president pro tempore (2), and house speaker (2) for four-year terms

Requires the board to establish credit rating criteria for individual surety providers, register providers, and conduct investigations into their financial solvency upon request

Mandates annual reports to the governor and general assembly detailing provider ratings, complaints, and rating changes by January 1st each year

Allows the board to retain attorneys, appraisers, actuaries, and accountants as examiners, with costs borne by the company requesting registration and rating

Requires guarantors of individual sureties to disburse funds within 15 business days of a principal's default