In addition to the other requirements of this chapter, every year, by March first, an applicant for a professional bondsman's license shall furnish a detailed financial statement under oath and in a form as the director or his designee may require. The statement is subject to the same examination as is prescribed by law for domestic insurance companies.

HISTORY: Former 1976 Code SECTION 38-63-120 [1985 Act No. 189, SECTION 1] recodified as SECTION 38-53-110 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 691; 1998 Act No. 425, SECTION 2; 2021 Act No. 13 (H.3585), SECTION 4, eff April 12, 2021.

Effect of Amendment

2021 Act No. 13, SECTION 4, in the first sentence, substituted "every year, by March first, an applicant for a professional bondsman's license shall furnish" for "an applicant for a professional bondsman's license shall furnish annually".