H. B. 4496
(By Delegates Wooton, Shook, Fleischauer,
Frazier, Moye, Miley, Susman and Sumner)
[Introduced
February 15, 2010
; referred to the
Committee on the Judiciary.]
A BILL to amend the Code of West Virginia, 1931, as amended, by
adding thereto a new section, designated §51-10A-4, relating
to prohibiting bail bonding companies or bail bond enforcers
from providing fiduciary bonds for estates; and providing an
exception.
Be it enacted by the Legislature of West Virginia:
That the Code of West Virginia, 1931, as amended, be amended
by adding thereto a new section, designated §51-10A-4, to read as
follows:
ARTICLE 10A. BAIL BOND ENFORCERS.
§51-10A-4. Prohibition against providing fiduciary bonds in
estates; exception.
A bail bonding company or a bail bond enforcer may not provide
fiduciary bonds for an estate unless the bail bonding company or
bail bond enforcer is licensed with the Insurance Commissioner to
act as an agent for an insurance company that provides surety or fiduciary bonds.
NOTE: The purpose of this bill is to prohibit
bail bonding
companies or bail bond enforcers from providing fiduciary bonds for
estates; and providing an exception.
Strike-throughs indicate language that would be stricken from
the present law, and underscoring indicates new language that would
be added.