3 Colo. Code Regs. § 702-7-1-1-8

Current through Register Vol. 47, No. 24, December 25, 2024

Section 3 CCR 702-7-1-1-8 - Premium Fee Statement and Premium Fee Payment

A. Each Cash Bonding-Agent and Professional Cash Bail-Agent must file a complete Premium Fee Statement or Statement of No Premium for the Reporting Period with the Division, as applicable, by January 15th each year.

B. The following information must be completed on the Premium Fee Statement for every bond written during the Reporting Period:

1. The name of the person for whom the Cash-Bonding Agent or Professional Cash-Bail Agent has become surety;

2. The date the bond was posted;

3. The amount of the bond posted by the Cash-Bonding Agent or Professional Cash-Bail Agent;

4. The specific court in which the bond was posted; and

5. The fee charged for the bond posted by the Cash-Bonding Agent or Professional Cash-Bail Agent;

C. If a Cash-Bonding Agent or Professional-Cash Bail Agent did not write any bail bonds during the reporting period, the individual must file a completed Statement of No Premium.

D. All Premium Fee Statements and Statements of No Premium must be filed electronically using the Division's web-based application, which is available on the Division's website. The Division will not accept filings in any other format or manner.

E. Any Premium Fee must be received by the Division no later than January 15th and must be paid via check or money order.

F. A Cash-Bonding Agent or Professional Cash-Bail Agent who fails to file a completed Premium Fee Statement or Statement of No Premium by the due date, or fails to submit full payment of the required premium fee by the due date is subject to the penalties and sanctions set forth in § 10-23-104, C.R.S.

3 CCR 702-7-1-1-8

44 CR 03, February 10, 2021, effective 3/15/2021