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Utah Code Title 31A. Insurance Code § 31A-35-202. Board responsibilities

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) The board shall:

(a) meet:

(i) at least quarterly; and

(ii) at the call of the chair;

(b) make written recommendations to the commissioner for rules governing the following aspects of the bail bond insurance business:

(i) qualifications, applications, and fees for obtaining:

(A) a license required by this Section 31A-35-401; or

(B) a certificate;

(ii) limits on the aggregate amounts of bail bonds;

(iii) unprofessional conduct;

(iv) procedures for hearing and resolving allegations of unprofessional conduct; and

(v) sanctions for unprofessional conduct;

(c) screen:

(i) bail bond agency license applications; and

(ii) persons applying for a bail bond agency license; and

(d) recommend to the commissioner action regarding the granting, suspending, revoking, and reinstating of bail bond agency license.

(2) Nothing in Subsection (1)(d) precludes the commissioner from suspending a license under Section 31A-35-504.

(3) The board may:

(a) conduct investigations of allegations of unprofessional conduct on the part of persons or bail bond agencies involved in the business of bail bond insurance; and

(b) provide the results of the investigations described in Subsection (3)(a) to the commissioner with recommendations for:

(i) action; and

(ii) any appropriate sanctions.

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Cite this article: FindLaw.com - Utah Code Title 31A. Insurance Code § 31A-35-202. Board responsibilities - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-31a-insurance-code/ut-code-sect-31a-35-202/

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