The Missouri Department of Insurance issued a press release today regarding the discipline of AAAA Aces Bonding Company, Inc. In a previous post, you will find a link to the first hearing on AAAA Aces Bonding which was held in February. In the first hearing, the AHC found that the company had failed to satisfy bond judgments in southwest Missouri.
According to the department press release, the Administrative Hearing Commission held another hearing this month in order rule on discipline of the bonding company. The department recommended revocation of the company's license. The AHC ruling on the discipline was not disclosed in the release. The AAAA Aces, Inc. has been dissolved by the Secretary of State's office.
The press release and previous ruling did not address the officer of the corporation, Jerry Clay. There has been no action taken against him at the AHC. He no longer holds a bail bond license in Missouri.
Tuesday, April 25, 2006
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