Any person applying to be licensed as a nonresident general bail bond agent who has
been licensed in another state shall devote fifty percent of his or her working time
in the state of Missouri and shall file proof with the director of the department
of commerce and insurance as to his or her compliance, and accompany his or her application
with the fees set by the director by regulation and, if applying for a nonresident
general bail bond agent's license, with a duly executed assignment of twenty-five
thousand dollars to the state of Missouri, which assignment shall become effective
upon the applicant's violating any provision of sections 374.695 to 374.789. Failure to comply with this section will result in revocation of the nonresidence
license. The assignment required by this section shall be in the form and executed in the
manner prescribed by the department. All licenses issued pursuant to this section shall be subject to the same renewal
requirements set for other licenses issued pursuant to sections 374.695 to 374.789.
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