This bill revises the surety bail bond insurance laws in Montana, specifically amending Section 33-26-106 of the Montana Code Annotated (MCA). It mandates that a surety bail bond insurance producer must collect a minimum premium of 10% of the guaranteed amount of the surety appearance bond. Additionally, the bill stipulates that the premium must be collected in full, and a receipt must be provided along with the surety appearance bond and power, ensuring transparency and accountability in the transaction.

The bill also introduces provisions that prevent surety bail bond producers from requiring additional fees after the payment of the minimum premium unless these fees and a fee schedule are explicitly disclosed in the contract. The amendments aim to enhance consumer protection by clarifying the financial obligations associated with surety appearance bonds and ensuring that all costs are communicated upfront.

Statutes affected:
LC Text: 33-26-106
HB0729_1(1): 33-26-106
HB0729_1(2): 33-26-106
HB0729_1(3): 33-26-106
HB0729_1(4): 33-26-106
HB0729_1(5): 33-26-106
HB0729_1(6): 33-26-106
HB0729_1(7): 33-26-106
HB0729_1(8): 33-26-106
HB0729_1(9): 33-26-106
HB0729_1: 33-26-106
HB0729_X(1): 33-26-106
HB0729_X(2): 33-26-106
HB0729_X(3): 33-26-106
HB0729_X(4): 33-26-106
HB0729_X(5): 33-26-106
HB0729_X(6): 33-26-106
HB0729_X(7): 33-26-106
HB0729_X: 33-26-106