Ohio HB703 regulates surety bail bond agent duties and licensure, including requirements for individual and business entity licenses.

Ohio HB703 amends the Revised Code to establish requirements for surety bail bond agents. The bill mandates that individual applicants for a surety bail bond agent license must be at least 18 years old, submit a criminal records check, and pay a $150 fee. They must also complete continuing education and hold an insurance agent license. Business entities must also meet these criteria and designate a licensed agent responsible for compliance with insurance laws. The superintendent of insurance can refuse, suspend, or revoke licenses based on certain conditions.

Ohio HB703 regulates surety bail bond agent duties and licensure, including requirements for individual and business entity licenses.

Ohio HB703 amends the Revised Code to establish requirements for surety bail bond agents. The bill mandates that individual applicants for a surety bail bond agent license must be at least 18 years old, submit a criminal records check, and pay a $150 fee. They must also complete continuing education and hold an insurance agent license. Business entities must also meet these criteria and designate a licensed agent responsible for compliance with insurance laws. The superintendent of insurance can refuse, suspend, or revoke licenses based on certain conditions.