SECTION 365:25-5-54. Review of bail bondsmen's administrative history before release of professional deposit

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The Commissioner shall review the bondsman's administrative history to determine if the bondsman owes any outstanding fines to the Commissioner or has any pending or concluded disciplinary action for unpaid bail bond forfeitures. The Commissioner shall not release the deposit if outstanding fines are owed or if forfeitures were unpaid in the time allowed by Section 1332 of Title 59 of the laws of this state. The Commissioner also shall not release the deposit if there are more than three (3) final Insurance Department administrative actions in the twelve (12) months preceding the release request.

[Source: Added at 27 Ok Reg 165, eff 11-1-09 (emergency); Added at 27 Ok Reg 1551, eff 7-14-10]

                    
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