- (a) Each company, upon either an initial or renewal application for a company license, must submit to the Professional Bail Bond Company and Professional Bail Bondsman Licensing Board a qualifying power of attorney from the company specifying the authority limits of each of its licensees.
- (b) A new qualifying power of attorney must be submitted to the board immediately for any increases, decreases, or other changes made between licensing periods.
- (c) The original qualifying power of attorney increase signed by the bail bondsman or attorney-in-fact must be received by the board prior to a bail bondsman initiating a bond for the increased amount.
- (d) Qualifying power of attorney increases shall not be submitted for the purpose of allowing a bail bondsman to write a bond that violates his or her existing qualifying power of attorney or with the intent of reversing the increase subsequent to the bond being written.
- (e) The qualifying power of attorney shall be executed in the form prescribed in Appendix D of this part.
- (f) All licensed bail bondsmen shall, at any time they are writing bonds, carry a current copy of their qualifying power of attorney that is on file with the board.
(g)
- (1) Only one (1) power of attorney per bond, not exceeding the bail bondsman’s qualifying power of attorney, is allowed, unless a court has separated the charges and amounts of bonds.
- (2) Powers of attorney shall not be stacked.
- (h) Those companies operating as sole proprietorships shall not be required to execute and file a qualifying power of attorney form unless such company has licensees other than the sole proprietor.