648.442 – Collateral Security.
648.442 Collateral security.— (1) Collateral security or other indemnity accepted by a bail bond agent, except a promissory note or an indemnity agreement, shall be returned upon final termination of liability on the bond. Such collateral security or other indemnity required by the bail bond agent must be reasonable in relation to the amount of the bond. […]
648.382 – Appointment of Bail Bond Agents and Temporary Bail Bond Agents; Effective Date of Appointment.
648.382 Appointment of bail bond agents and temporary bail bond agents; effective date of appointment.— (1) Each insurer appointing a bail bond agent and each insurer, managing general agent, or bail bond agent appointing a temporary bail bond agent in this state must file the appointment with the department and, at the same time, pay the applicable […]
648.4425 – Notice.
648.4425 Notice.— (1) Upon issuing a bond, the bail bond agent shall provide to the principal and, if applicable, to the party rendering collateral or indemnifying the surety an informational notice which shall include: (a) A statement noting with particularity the restrictions, if any, placed on the principal as a condition of the bond; (b) A statement of the […]
648.279 – Scope of License.
648.279 Scope of license.—The issuance of a license pursuant to the provisions of this chapter shall confer upon the holder the right to perform all duties and powers as authorized or conferred by the laws of this state. History.—s. 5, ch. 96-372.
648.285 – Bond Agency; Ownership Requirements.
648.285 Bond agency; ownership requirements.— (1) A person may not own, control, or otherwise have a pecuniary interest in a bail bond agency unless such individual is a licensed and appointed bail bond agent. Any agency that is not in compliance with this subsection shall be subject to the issuance of an immediate final order of suspension […]
648.29 – Build-Up Funds Posted by Bail Bond Agent.
648.29 Build-up funds posted by bail bond agent.— (1) All build-up funds pledged to indemnify an insurer which are posted by a bail bond agent or agency with the insurer must be held in an individual build-up trust account for the agent or agency in an FDIC-approved or FSLIC-approved bank or savings and loan association in this […]
648.295 – Reporting and Accounting of Funds.
648.295 Reporting and accounting of funds.— (1) All premiums, return premiums, or other funds belonging to insurers or others received by a person licensed pursuant to this chapter in transactions under her or his license are trust funds received by the licensee in a fiduciary capacity, and the licensee must account for and pay the same to […]
648.30 – Licensure and Appointment Required; Prohibited Acts; Penalties.
648.30 Licensure and appointment required; prohibited acts; penalties.— (1) A person may not act in the capacity of a bail bond agent or temporary bail bond agent or perform any of the functions, duties, or powers prescribed for bail bond agents or temporary bail bond agents under this chapter unless that person is qualified, licensed, and appointed […]
648.31 – Appointment Taxes and Fees.
648.31 Appointment taxes and fees.—The department shall collect in advance all appointment taxes and fees for the issuance of any appointment to a bail bond agent or temporary bail bond agent, as provided in s. 624.501. History.—s. 5, ch. 29621, 1955; s. 2, ch. 59-326; ss. 13, 35, ch. 69-106; s. 177, ch. 70-339; s. 3, […]
648.315 – Number of Applications for Licensure Required.
648.315 Number of applications for licensure required.—After a license as a bail bond agent has been issued to an individual, the same individual is not required to file another application for a similar license unless: (1) Specifically ordered by the department to complete a new application; or (2) A period of 48 months transpires between the time the […]