TO AMEND THE LAWS PERTAINING TO GROUNDS FOR REVOCATION OF LICENSURE UNDER THE LAWS REGULATING BAIL BONDSMAN.
Enacts new GS 58-71-16 providing that a bail bond surety shall not be required to return any portion of a bond premium if the bond is reduced after an agreement of a defendant and a surety are reached. Amends GS 58-71-80 by specifying that bail bond surety licensees may be put on probation as well as have their licenses suspended or revoked. Revises conditions for adverse license actions by Insurance Commissioner to include fraudulent, coercive, or dishonest practices demonstrating incompetence, untrustworthiness, or financial responsibility, adverse action in another jurisdiction, violating laws governing bail bonding or insurance, failing to comply with orders, failing to pay taxes, or forging a name on a bail bond transaction. Enacts new subsection GS 58-71-115(c) by making records provided to the Insurance Commissioner by bail bond sureties confidential and not subject to public records requests or subpoena, other than in matters involving the Commission's duties. Enacts new section GS 58-71-122 by imposing requirements on the transfer of a business by a bail bond surety, including a list of liabilities to be filed with the clerk of superior court. Also making confidential records involving bail bond runners by amending GS 58-71-125 by adding a subsection (c) and denoting the previous two paragraphs as subsections (a) and (b).
© 2022 School of Government The University of North Carolina at Chapel Hill
This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.