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Details of Tracking Number  2012-00637

CCR details

Tracking Number 2012-00637
Type of Filing Permanent Rule
Department 700 Department of Regulatory Agencies
Agency 702 Division of Insurance
CCR Number 3 CCR 702-7

Proposed rule

Rule ProposedRuleAttach2012-00637.DOC
Statutory Authority 10-1-109, and 10-23-105
Purpose/Objective of Rule Pursuant to 10-23-105, C.R.S., Cash-Bonding Agents and Professional Cash-Bail Agents are 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 such qualification bonds including the procedures required release of the qualification bond.
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 Gonzale-Ferrer
Contact title Rulemaking Coordinator
Contact telephone 303-894-2157
Contact email christine.gonzales-ferrer@dora.state.co.us

Adopted rule

Adopted Rules AdoptedRules02012-00637.DOC
Redline Redline2012-00637.DOC
Adopted Date 08/24/2012
Attorney General Opinion 09/12/2012
Effective Date 10/15/2012
Inserted into CCR 10/08/2012