| 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 |
| Adopting Agency |
|
| Hearing Date |
08/16/2012 |
| Hearing Time |
10:00 AM |
| Hearing Location |
1560 Broadway, Suite 850, Denver, CO 80202 |
| Proposed Rule |
ProposedRuleAttach2012-00632.DOC |
| Description of Subjects/Issues |
1-2-13 CASH-BONDING AGENT AND PROFESSIONAL CASH-BAIL AGENT PROVISIONS FOR RELEASE OF QUALIFICATION BOND |
| Comments |
Mike Conway, Todd Larson |
| Public Name |
Christine Gonzales-Ferrer |
| Public Title |
Rulemaking Coordinator |
| Public Telephone |
303-894-2157 |
| Public Email |
christine.gonzales-ferrer@dora.state.co.us |
| Submitted in response to issues raised by COLS/OLLS?
N |
| 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. |
| Statutory Authority |
10-1-109 |
|
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 Date |
10/16/2012 |