Bill Text: IN SB0525 | 2011 | Regular Session | Enrolled
Bill Title: Bail agent education and reporting.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2011-05-18 - Effective 07/01/2011 [SB0525 Detail]
Download: Indiana-2011-SB0525-Enrolled.html
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AN ACT to amend the Indiana Code concerning insurance.
(b) A bail agent or an insurer shall maintain in the bail agent's or insurer's office records of bail bonds executed or countersigned by the bail agent or insurer for at least one (1) year after the liability of the surety has been terminated. Salient details of the bonds shall be a part of the records required by this subsection.
(c)
(1) a list of every outstanding or unpaid late surrender fee and judgment;
(2) the name of the court in which each outstanding or unpaid late
surrender fee and judgment is recorded; and
(3) all other information determined by the commissioner to be
pertinent.
(d) The commissioner may:
(1) deny;
(2) suspend;
(3) revoke; or
(4) refuse to renew;
a license issued under this article for failure of the licensee to comply
with subsection (c).
(e) The commissioner may impose a civil penalty of not more than
ten thousand dollars ($10,000) against:
(1) an insurer;
(2) a bail agent; or
(3) a firm or an agency;
for failure to comply with subsection (c).
(f) A civil penalty imposed under subsection (e) may be enforced in
the same manner as a civil judgment.
(1) shall obtain from the commissioner approval of the courses and instructors before the courses are conducted;
(2) shall annually pay to the commissioner a reasonable fee, as determined by the commissioner;
(3) must have been:
(A) a full-time resident of Indiana; and
(B) licensed as a bail agent under this chapter;
for at least five (5) of the immediately preceding ten (10) years; and
However, the commissioner may waive the requirement specified in subdivision (3)(A).
(b) A provider described in subsection (a) may charge a reasonable fee for attendance at an approved course.
(c) A fee paid under subsection (a)(2) must be:
(1) deposited in the bail bond enforcement and administration fund created under IC 27-10-5-1; and
(2) used to implement this article.
(d) The commissioner shall:
(1) establish criteria for approval or disapproval of instructors and courses required for:
(A) licensure under sections 3 and 5 of this chapter; and
(B) license renewal under section 7 of this chapter; and
(2) approve or disapprove instructors and courses specified in subdivision (1);
that pertain to the duties and responsibilities of a bail agent and recovery agent, including instruction concerning the laws that relate to the conduct of a bail agent and recovery agent.
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