Missouri Revised Statutes













Chapter 374

Department of Insurance, Financial Institutions and Professional Registration

←374.710

Section 374.715.1

374.716→

August 28, 2015

Application, form, qualifications, fee--monetary assignment required, amount, effective when.

374.715. 1. Applications for examination and licensure as a bail bond

agent or general bail bond agent shall be in writing and on forms prescribed

and furnished by the department, and shall contain such information as the

department requires. Each application shall be accompanied by proof

satisfactory to the department that the applicant is a citizen of the United

States, is at least twenty-one years of age, has a high school diploma or

general education development certificate (GED), is of good moral character,

and meets the qualifications for surety on bail bonds as provided by supreme

court rule. Each application shall be accompanied by the examination and

application fee set by the department. Individuals currently employed as bail

bond agents and general bail bond agents shall not be required to meet the

education requirements needed for licensure pursuant to this section.



2. In addition, each applicant for licensure as a general bail bond agent

shall furnish proof satisfactory to the department that the applicant or, if

the applicant is a corporation, that each officer thereof has completed at

least two years as a bail bond agent, and that the applicant possesses liquid

assets of at least ten thousand dollars, along with a duly executed

assignment of ten thousand dollars to the state of Missouri. The assignment

shall become effective upon the applicant's violating any provision of

sections 374.695 to 374.789. The assignment required by this section shall

be in the form and executed in the manner prescribed by the department. The

director may require by regulation conditions by which additional assignments

of assets of the general bail bond agent may occur when the circumstances of

the business of the general bail bond agent warrants additional funds.

However, such additional funds shall not exceed twenty-five thousand dollars.



(L. 1983 S.B. 363 § 4, A.L. 1997 S.B. 248, A.L. 2004 S.B. 1122)



Effective 1-01-05





1997



1997



374.715. Applications for examination and licensure as a bail bond

agent or general bail bond agent shall be in writing and on forms

prescribed and furnished by the department, and shall contain such

information as the department requires. Each application shall be

accompanied by proof satisfactory to the department that the applicant is a

citizen of the United States, is at least twenty-one years of age, is of

good moral character, and meets the qualifications for surety on bail bonds

as provided by supreme court rule. Each application shall be accompanied

by the examination and application fee set by the department. In addition,

each applicant for licensure as a general bail bond agent shall furnish

proof satisfactory to the department that the applicant, or, if the

applicant is a corporation or partnership, that each officer or partner

thereof has completed at least two years as a bail bond agent, as defined

in sections 374.700 to 374.775, and that the applicant possesses liquid

assets of at least ten thousand dollars, along with a duly executed

assignment of ten thousand dollars to the state of Missouri, which

assignment shall become effective upon the applicant's violating any

provision of sections 374.700 to 374.775. The assignment required by this

section shall be in the form, and executed in the manner, prescribed by the

department.



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