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Utah Code Title 31A. Insurance Code § 31A-35-607. Filing of forms--Commissioner maintains files

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

(1)(a) In accordance with Section 31A-21-201, a bail bond agency that meets the financial capacity requirements through the use of a letter of credit, personal property, real property, or a surety insurer shall file with the commissioner a copy of each form the bail bond agency or surety insurer uses in the bail bond insurance business.

(b) A surety insurer filing shall comply with the following:

(i) a form shall be identified by a unique form number;

(ii) a form shall include the address, telephone number, and business email address of the bail bond agency and the surety insurer;

(iii) the surety insurer shall file a form on behalf of each bail bond agency appointed to write on behalf of the surety insurer;

(iv) once a filing is filed with the commissioner, it is the responsibility of the surety insurer to verify that the bail bond agency and its producers are using the correct form;

(v) a bail bond agency and its bail bond producers are prohibited from using a form that has not been filed by the surety insurer; and

(vi) a bail bond agency and its bail bond producers are prohibited from making changes to a form that is filed by the surety insurer.

(c) A bail bond agency filing, for a bail bond agency that meets the financial capacity requirements through the use of a letter of credit, personal property, or real estate, shall comply with the following:

(i) a form shall be identified by a unique form number;

(ii) a form shall include the address, telephone number, and business email address of the bail bond agency;

(iii) once a filing is filed with the commissioner, it is the responsibility of the bail bond agency to verify that its bail bond producers are using the correct form;

(iv) a bail bond producer is prohibited from using a form that has not been filed by the bail bond agency; and

(v) a bail bond producer is prohibited from making changes to a form that is filed by the bail bond agency.

(2) A form described in Subsection (1) shall be filed 30 days before the form:

(a) is first used by the bail bond agency or surety insurer; and

(b) is changed after it is filed under Subsection (2)(a).

(3)(a) The commissioner shall maintain and make available for public inspection a file regarding each bail bond agency and each surety insurer.

(b) A bail bond agency and surety insurer shall maintain a form required to be filed under this section in the office of the bail bond agency or surety insurer.

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Cite this article: FindLaw.com - Utah Code Title 31A. Insurance Code § 31A-35-607. Filing of forms--Commissioner maintains files - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-31a-insurance-code/ut-code-sect-31a-35-607/

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