Dept. of Insurance Files Complaint Against C&M Bonding

The Missouri Department of Insurance (DIFP) has filed a complaint against Cody W. Ice and his company C&M Bonding, Inc. The link to the complaint is here. The Department alleges that C&M and its president received compensation by means of fraud, misrepresentation, or deception. According to the complaint, C&M posted a bond in Camden County for $250,000 and another cash bond for $5,000. The defendant was not able to secure his release because he had a detainer from the State of Illinois. Twelve days later C&M revoked both bonds and did not refund the defendant’s bond fees. The Department also seeks discipline from the Administrative Hearing Commission because it alleges C&M failed to satisfy bond forfeitures in a timely manner. The DIFP complains that C&M had two unsatisfied judgments dated August 2005 and did not satisfy them until October 2006. The hearing is set for April 18, 2007.