State Codes and Statutes
Statutes > Missouri > T24 > C374 > 374_715Application, form, qualifications, fee--monetary assignmentrequired, amount, effective when.
374.715. 1. Applications for examination and licensure as a bailbond agent or general bail bond agent shall be in writing and on formsprescribed and furnished by the department, and shall contain suchinformation as the department requires. Each application shall beaccompanied by proof satisfactory to the department that the applicant is acitizen of the United States, is at least twenty-one years of age, has ahigh school diploma or general education development certificate (GED), isof good moral character, and meets the qualifications for surety on bailbonds as provided by supreme court rule. Each application shall beaccompanied by the examination and application fee set by the department.Individuals currently employed as bail bond agents and general bail bondagents shall not be required to meet the education requirements needed forlicensure pursuant to this section.
2. In addition, each applicant for licensure as a general bail bondagent shall furnish proof satisfactory to the department that the applicantor, if the applicant is a corporation, that each officer thereof hascompleted at least two years as a bail bond agent, and that the applicantpossesses liquid assets of at least ten thousand dollars, along with a dulyexecuted assignment of ten thousand dollars to the state of Missouri. Theassignment shall become effective upon the applicant's violating anyprovision of sections 374.695 to 374.789. The assignment required by thissection shall be in the form and executed in the manner prescribed by thedepartment. The director may require by regulation conditions by whichadditional assignments of assets of the general bail bond agent may occurwhen the circumstances of the business of the general bail bond agentwarrants additional funds. However, such additional funds shall not exceedtwenty-five thousand dollars.
(L. 1983 S.B. 363 § 4, A.L. 1997 S.B. 248, A.L. 2004 S.B. 1122)Effective 1-01-05
