The Senate has placed SB895 on the perfection calendar. The bill is a broad insurance bill with several changes to the bail bond industry. The bill removes the clause which allows convicted felons to have a bail bond license. The new language allows the Director of DOI to suspend, revoke, refuse to issue, or refuse to renew an agent license. Previously, the Department could only file a complaint with the Administrative Hearing Commission. Any bail bond or general bond license subject to Department discipline can be classified as a level two violation and subject to a $1,000 dollar fine. Surety recovery agents can be fined up $5,000 per violation. The Director may also refer the case to the Attorney General or a county prosecutor for criminal prosecution. Department licensing decisions can appealed to the Administrative Hearing Commission.
The bill is sponsored by Senator Engler of Farmington. The House companion bill is HB1651.
Update 4/20/2006 SB 895 was passed by the MO Senate today and was first read in the House.
Wednesday, April 12, 2006
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