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Code of Colorado Regulations eDocket

Details of Tracking Number  2012-00632


CCR details

Tracking Number 2012-00632
Type of Filing Permanent Rule
Department 700 Department of Regulatory Agencies
Agency 702 Division of Insurance
CCR Number 3 CCR 702-1
CCR Title ADMINISTRATIVE PROCEDURES

Proposed rule

Rule ProposedRuleAttach2012-00632.DOC
Statutory Authority 10-1-109
Purpose/Objective of Rule Pursuant to 12-7-103, C.R.S. as effective until July 1, 2012, Cash-Bonding Agents and Professional Cash-Bail Agents were required to post a cash qualification bond in the amount of $50,000 to secure payment of defaulted bonds and to pay any final, non-appealable judgment for failure to return collateral, including costs and attorney's fees, if awarded. This regulation sets forth the terms and conditions for release of the qualification bond for those Cash-Bonding Agents and Professional Cash-Bail Agents whose license expired, was cancelled, surrendered, revoked other otherwise inactivated prior to July 1, 2012.
Comments Mike Conway, Todd Larson
Submitted in response to issues raised by COLS/OLLS? No
Hearing Date 08/16/2012
Hearing Time 10:00 AM
Hearing Location 1560 Broadway, Suite 850, Denver, CO 80202
Contact name Christine Gonzales-Ferrer
Contact title Rulemaking Coordinator
Contact telephone 303-894-2157
Contact email christine.gonzales-ferrer@dora.state.co.us

Adopted rule

Adopted Rules AdoptedRules02012-00632.DOC
Redline Redline2012-00632.DOC
Adopted Date 08/24/2012
Attorney General Opinion 09/12/2012
Effective Date 10/15/2012
Inserted into CCR 10/16/2012