31A-35-607. Filing of forms -- Commissioner maintains files.

455 words·~2 min read·/ut/title-31a/chapter-35/31a-35-607

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 5/10/2016

(a)In accordance with Section 31A-21-201 , a bail bond agency that meets the financial capacity requirements through the use of a letter of credit, personal property, real property, or a surety insurer shall file with the commissioner a copy of each form the bail bond agency or surety insurer uses in the bail bond insurance business.

(b)A surety insurer filing shall comply with the following:

(i)a form shall be identified by a unique form number;

(ii)a form shall include the address, telephone number, and business email address of the bail bond agency and the surety insurer;

(iii)the surety insurer shall file a form on behalf of each bail bond agency appointed to write on behalf of the surety insurer;

(iv)once a filing is filed with the commissioner, it is the responsibility of the surety insurer to verify that the bail bond agency and its producers are using the correct form;

(v)a bail bond agency and its bail bond producers are prohibited from using a form that has not been filed by the surety insurer; and

(vi)a bail bond agency and its bail bond producers are prohibited from making changes to a form that is filed by the surety insurer.

(c)A bail bond agency filing, for a bail bond agency that meets the financial capacity requirements through the use of a letter of credit, personal property, or real estate, shall comply with the following:

(i)a form shall be identified by a unique form number;

(ii)a form shall include the address, telephone number, and business email address of the bail bond agency;

(iii)once a filing is filed with the commissioner, it is the responsibility of the bail bond agency to verify that its bail bond producers are using the correct form;

(iv)a bail bond producer is prohibited from using a form that has not been filed by the bail bond agency; and

(v)a bail bond producer is prohibited from making changes to a form that is filed by the bail bond agency.

(2)A form described in Subsection

(1)shall be filed 30 days before the form:

(a)is first used by the bail bond agency or surety insurer; and

(b)is changed after it is filed under Subsection (2)(a) .

(a)The commissioner shall maintain and make available for public inspection a file regarding each bail bond agency and each surety insurer.

(b)A bail bond agency and surety insurer shall maintain a form required to be filed under this section in the office of the bail bond agency or surety insurer.

Amended by Chapter 234 , 2016 General Session