| Purpose/Objective of Rule |
The purpose of this emergency regulation is to provide timely processing of the renewal applications for Cash Bonding Agents and Professional Cash Bail Agents whose licenses expire by operation of law on January 1, 2010 pursuant to ? 12-7-102(4), C.R.S., and to ensure that the qualification bonds posted by Cash Bonding Agents and Professional Cash Bail Agents are fully compliant with ?? 12-7-103(3)(a) and (8)(b), C.R.S.The purpose of this emergency regulation is also to add the statutory citations that refer to Professional Cash Bail Agents in the Qualification Bond form attached hereto as Appendix ID so that pending applicants will submit the proper Qualification Bond form with their license application.
The Colorado Division of Insurance finds that the immediate adoption of this emergency regulation is imperatively necessary for the preservation of public health, safety, and welfare of the public. |