The bill amends K.S.A. 2024 Supp. 22-2809b to establish new regulations for compensated sureties involved in posting appearance bonds. It defines key terms such as "compensated surety," "insurance agent surety," "property surety," and "bail agent," and outlines the application process for compensated sureties to operate within judicial districts. The bill mandates that compensated sureties charge a minimum appearance bond premium of 10% and specifies acceptable forms of payment for at least half of this premium. Notably, it prohibits compensated sureties from providing loans for the portion of the minimum appearance bond premium required prior to bond execution, ensuring that they cannot be affiliated with any financial institution making such loans.

Additionally, the bill introduces requirements for continuing education, mandating that every compensated surety obtain at least eight hours of credits annually. It allows judicial districts to impose further requirements and establishes a process for the chief judge to approve or deny applications based on the qualifications of the surety. The bill also includes provisions for the suspension or termination of a surety's authorization if they violate specific regulations, such as failing to charge the minimum premium or engaging in unethical practices. The existing section of K.S.A. 2024 Supp. 22-2809b is repealed, and the new regulations will take effect upon publication in the statute book.

Statutes affected:
As introduced: 22-2809b
{As Amended by Senate Committee of the Whole}: 22-2809b