Section 374.717

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 374

Effective - 01 Jan 2005, see footnote   

  374.717.  Prohibited acts. — No insurer or licensee, court, or law enforcement officer shall:

  (1)  Pay a fee or rebate or give or promise anything of value in order to secure a settlement, compromise, remission, or reduction of the amount of any bail bond to:

  (a)  A jailer, police officer, peace officer, committing judge, or any other person who has power to arrest or to hold in custody any person; or

  (b)  Any public official or public employee;

  (2)  Pay a fee or rebate or give anything of value to an attorney in bail bond matters, except in defense of any action on a bond;

  (3)  Pay a fee or rebate or give anything of value to the principal or anyone on the principal's behalf;

  (4)  Accept anything of value from a principal except the premium and expenses incurred, provided that the licensee shall be permitted to accept collateral security or other indemnity from the principal in accordance with the provisions of section 374.719.

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(L. 2004 S.B. 1122)

Effective 1-01-05