(a) In addition to the requirements of § 4333 of this title, every applicant for a property bail agent license shall file with the Commissioner a statement under oath of the assets and liabilities of the applicant.
(b) A property bail agent shall have a continuing duty:
(1) To advise the Commissioner in writing under oath of any material change in such property bail agent’s assets or liabilities affecting such property bail agent’s responsibility as a property bail agent; and
(2) At any time, upon request of the Commissioner, furnish the Commissioner with a statement under oath of such property bail agent’s assets and liabilities, including all bail bonds on which such property bail agent is obligated.
(c) The applicant shall file with his or her application for licensure all rates and other charges proposed for use in writing bail bonds. Such rating plan must be approved by the Commissioner prior to issuance of the license. No rate or other charge may be imposed in connection with the property bail agent’s business, unless it has been approved in advance by the Commissioner.
79 Del. Laws, c. 177, § 1; 70 Del. Laws, c. 186, § 1.
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