(1) The board shall:

1. (a) meet:

   1. (i) at least quarterly; and
   2. (ii) at the call of the chair;

2. (b) make written recommendations to the commissioner for rules governing the following aspects of the bail bond insurance business:

   1. (i) qualifications, applications, and fees for obtaining:

      1. (A) a license required by this Section 31A-35-401; or
      2. (B) a certificate;
   2. (ii) limits on the aggregate amounts of bail bonds;
   3. (iii) unprofessional conduct;
   4. (iv) procedures for hearing and resolving allegations of unprofessional conduct; and
   5. (v) sanctions for unprofessional conduct;

3. (c) screen:

   1. (i) bail bond agency license applications; and
   2. (ii) persons applying for a bail bond agency license; and
4. (d) recommend to the commissioner action regarding the granting, renewing, suspending, revoking, and reinstating of bail bond agency license.

(2) The board may:

1. (a) conduct investigations of allegations of unprofessional conduct on the part of persons or bail bond agencies involved in the business of bail bond insurance; and

2. (b) provide the results of the investigations described in Subsection (2)(a) to the commissioner with recommendations for:

   1. (i) action; and
   2. (ii) any appropriate sanctions.