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OK SB849

Bill

Status

Engrossed

3/14/2013

Primary Sponsor

Bryce Marlatt

Click for details

Origin

Senate

2013 Regular Session

AI Summary

  • Bail bondsman licenses expire biennially on the last day of the licensee's birth month, with removal of the provision allowing automatic cancellation when an insurer terminates the licensee's authority

  • Cash bondsman applicants must show six months of Oklahoma residency (reduced from one year), and professional bondsman deposit requirements reference November 1, 2006 dates for $20,000 minimum deposits (applications before) or $50,000 minimum deposits (applications after)

  • Expanded grounds for license denial, suspension, or revocation to include demonstrating financial irresponsibility, rebating violations, and failing to accept certified mailings from the Insurance Department

  • Court clerks must maintain lists of all bail bondsmen (professional, property, cash, and surety) permitted to write bail in their county, with only surety bondsmen holding current appointments included

  • Bond forfeiture payment timeline clarified: bondsmen have 91 days from receipt of forfeiture order to deposit the bond amount, with one year from payment due date to return the defendant to custody for potential refund

Legislative Description

Bail bondsmen licenses. Effective date.

Insurance

Last Action

HAs read

4/15/2013

Committee Referrals

Insurance3/19/2013
Business and Commerce2/6/2013
Rules2/5/2013

Full Bill Text

No bill text available