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Code of Colorado Regulations eDocket
Official Publication of the State Administrative Rules (24-4-103(11) C.R.S.)

Details of Tracking Number  2012-00585

CCR details

Tracking Number 2012-00585
Type of Filing Emergency
Department 700 Department of Regulatory Agencies
Agency 702 Division of Insurance
CCR Number 3 CCR 702-7
CCR Title Bail Registrants

Proposed rule

Additional Information
Statutory Authority 10-1-109, and 10-23-105
Purpose/Objective of Rule The Commissioner finds that the promulgation of this emergency regulation is imperatively necessary to implement the provisions of House Bill 12-1266, which takes effect on July 1, 2012. 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 Todd Larson
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation?
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 AdoptedRules02012-00585.DOC
Emergency Justification EmergencyJustificationPathAttach2012-00585.DOC
Adopted Date 06/29/2012
Emergency AGO requested date 06/29/2012
Attorney General Opinion 07/16/2012
Effective Date 07/01/2012
Inserted into CCR 08/02/2012