DIFP Issues Statements of Charges Against Bail Corporations

The Department of Insurance (DIFP) has issued statement of charges and show cause orders on why cease and desist orders should not be granted on the following bail bond companies:

1) 1A Bail Agency, LLC, Organizers Shawn Wilhite of Warrensburg, MO and Patricia Wilhite of Clinton, MO, organized July 2003
2) A&G Worldwide Investments, Inc., President-Wayne O. Anderson II of Kansas City, MO, organized May 2000
3) A Stan Moreland Bonding Services, Inc., President-Stan Moreland of Warrensburg, MO, organized October 1997
4) Absolute Surety, Inc., President-David Brackett of Lebanon, MO, organized March 1997
5) MCB Investment Corporation, President-Harold McBee of Chillicothe, MO, organized December 2004

In the statement of charges, the DIFP alleges that the above companies are operating as insurance companies without certificates of authority (RSMO 374.786), that they are operating as insurance companies without complying with the laws governing insurance (RSMO 375.158), and they have failed to obtain certificates saying the insurance laws of this state have been complied with (RSMO 375.161).

Additionally, the DIFP issued show cause orders to each company stating they each have fifteen days to respond to the cease and desist order asking for a public hearing with the Director of Insurance or the cease and desist order will be issued.

The cease and desist orders stated they must cease the three alleged violations described in the statement of charges and pay reasonable costs associated with the investigation of the matter.

Last fall, the DIFP announced it would no longer license bail bond corporations. In the meeting held with affected companies, the DIFP announced that prior administrations had allowed the licensing of corporations, but the current administration had decided it was not permissible under the current bail bond statutes and Missouri Supreme Court Rule.