Section 374.764

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 374

Effective - 01 Jan 2005, see footnote   

  374.764.  Alleged violations and complaints, procedure. — 1.  The director shall examine and inquire into all alleged violations or complaints filed with the department of commerce and insurance of the bail bond law of the state, and inquire into and investigate the bail bond business transacted in the state by any bail bond agent, general bail bond agent, or surety recovery agent.

  2.  The director or any of his or her duly appointed agents may compel the attendance before him or her, and may examine, under oath, the directors, officers, bail bond agents, general bail bond agents, surety recovery agents, employees, or any other person in reference to the condition, affairs, management of the bail bond or surety recovery business, or any matters relating thereto.  He or she may administer oaths or affirmations and shall have power to summon and compel the attendance of witnesses and to require and compel the production of records, books, papers, contracts, or other documents if necessary.

  3.  The director may make and conduct the investigation in person or the director may appoint one or more persons to make and conduct the investigation.  If made by a person other than the director, the person duly appointed by the director shall have the same powers as granted to the director pursuant to this section.  A certificate of appointment under the official seal of the director shall be sufficient authority and evidence thereof for the person to act.  For the purpose of making the investigations, or having the same made, the director may employ the necessary clerical, actuarial, and other assistance.

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(L. 2004 S.B. 1122)

Effective 1-01-05