COL INS Bail Bond Annual Reporting

On Jun. 25, COL INS proposed changing bail bond recordkeeping rule.

  • COL INS proposed amendments on record keeping for insurance producers authorized to write bail bonds and amendments for cash-bonding/professional cash-bail agents.
  • Makes amendments to COL INS 3-702-1-2-14, COL INS 3-702-1-3 on recordkeeping.
  • Proposed Amendments
  • The proposal removes provisions establishing requirements to file the annual report.
  • Removes subsections on annual reporting, incorporation by reference, reporting year.
  • Consultation
  • Comments on the proposal are due by 5pm on Jul. 2, 2024.
  • Jul. 16, 2024 COL INS Hearing Notice
  • On Jul. 16, 2024, COL INS reported a rule hearing is scheduled for Aug. 19, 2024.
  • Jul. 25, 2024 COL INS State Register
  • On Jul. 25, 2024, COL INS published proposed Regulation 7-1-3 in the State register.
  • Also published notice of hearing scheduled for Aug. 19, 2024 in calendar of hearings.
  • Notice included red-lined version of the rule amendments beginning on page 127.
  • Upon adoption, updated regulation is slated to become effective as of Oct. 15, 2024.
  • Sep. 2024 COL INS Final Rule
  • On Sep. 3, 2024, COL INS reported that COL INS 3-702-1-2-14 adopted, eff. Oct. 30.

Regulators COL INS
Entity Types IB; Ins
Reference RF, 9/3/2024; COL SR Vol. 47 No. 14, 7/25/2024; Nt, 7/16/2024; RF, 6/25/2024; Citation: COL INS 3-702-1;
Functions Compliance; Legal; Record Retention; Reporting
Countries United States of America
Category
State
Products Bail Bonds; Insurance; Insurance-Casualty; Insurance-Health; Insurance-Life; Insurance-Property
Regions Am
Rule Type Final
Rule Date 6/25/2024
Effective Date 10/30/2024
Rule Id 217215
Linked to N/A
Reg. Last Update 9/3/2024
Report Section US Insurance

Last substantive update on 09/05/2024