No. 38966 (5-year Review): Rule R590-196. Bail Bond Surety Fee Standards, Collateral Standards and Disclosure Form  

  • DAR File No.: 38966
    Filed: 11/21/2014 10:40:31 AM

    NOTICE OF REVIEW AND STATEMENT OF CONTINUATION

    Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:

    This rule receives its authority from Section 31A-35-104. This section authorizes the commissioner to write rules establishing specific licensure and certification guidelines and standards of conduct for the business of surety bail bond insurance. The rule provides guidelines for fee and collateral standards to be used in the bail bond business along with a disclosure form that must be used by a bail bond agent when charging fees and receiving collateral.

    Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:

    One hearing was held within the past five years, and two written comments were received. Both comments agreed with the changes made to the rule.

    Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:

    This rule needs to remain in effect to avoid price gouging and the charging of fees without a prior disclosure to the consumer. Therefore, this rule should be continued.

    The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:

    Insurance
    Administration
    Room 3110 STATE OFFICE BLDG
    450 N MAIN ST
    SALT LAKE CITY, UT 84114-1201

    Direct questions regarding this rule to:

    Effective:

    11/21/2014

    Authorized by:

    Todd Kiser, Commissioner


Document Information

Effective Date:
11/21/2014
Publication Date:
12/15/2014
Type:
Five-Year Notices of Review and Statements of Continuation
Filed Date:
11/21/2014
Agencies:
Insurance, Administration
Authorized By:
Todd Kiser, Commissioner
DAR File No.:
38966
Summary:

One hearing was held within the past five years, and two written comments were received. Both comments agreed with the changes made to the rule.

CodeNo:
R590-196
CodeName:
{35463|R590-196|R590-196. Bail Bond Surety Fee Standards, Collateral Standards, and Disclosure Form}
Link Address:
InsuranceAdministrationRoom 3110 STATE OFFICE BLDG450 N MAIN STSALT LAKE CITY, UT 84114-1201
Link Way:

Steve Gooch, by phone at 801-538-3803, by FAX at 801-538-3829, or by Internet E-mail at sgooch@utah.gov

AdditionalInfo:
More information about a Five-Year Notice of Review and Statement of Continuation is available online. The Portable Document Format (PDF) version of the Bulletin is the official version. The PDF version of this issue is available at http://www.rules.utah.gov/publicat/bull-pdf/2014/b20141215.pdf. The HTML edition of the Bulletin is a convenience copy. Any discrepancy between the PDF version and HTML version is resolved in favor of the PDF version. For questions regarding the content or ...
Related Chapter/Rule NO.: (1)
R590-196. Bail Bond Surety Fee Standards, Collateral Standards, and Disclosure Form.