HLS 10RS-1337 ORIGINAL Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Regular Session, 2010 HOUSE BILL NO. 442 BY REPRESENTATIVE ST. GERMAIN BONDS: Provides relative to the rate for commercial surety underwriters writing criminal bail bonds AN ACT1 To amend and reenact R.S. 22:1443, relative to the premium rate on criminal bail bonds;2 provides for an increase in the dollar amount applicable to commercial surety3 underwriters writing criminal bail bonds; and to provide for related matters.4 Be it enacted by the Legislature of Louisiana:5 Section 1. R.S. 22:1443 is hereby amended and reenacted to read as follows: 6 ยง1443. Premium on criminal bail bond7 The premium rate set for commercial surety underwriters writing criminal8 bail bonds in the various courts throughout the state of Louisiana shall not be subject9 to the rates set by the insurance commissioner, but shall be set and adjusted by the10 legislature. The rate for all commercial surety underwriters writing criminal bail11 bonds in the state of Louisiana shall be twelve percent of the face amount of the12 bond, or sixty one hundred dollars, whichever is greater. Any additional fee13 authorized by R.S. 13:718(I)(2) shall not be included in this premium rate and shall14 be exclusive of the limit set by this Section. All other provisions of the code relating15 to enforcement of the rate shall be effective and enforced in accordance with all parts16 of this Section.17 Section 2. This Act shall become effective upon signature by the governor or, if not18 signed by the governor, upon expiration of the time for bills to become law without signature19 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If20 HLS 10RS-1337 ORIGINAL HB NO. 442 Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. vetoed by the governor and subsequently approved by the legislature, this Act shall become1 effective on the day following such approval.2 DIGEST The digest printed below was prepared by House Legislative Services. It constitutes no part of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)] St. Germain HB No. 442 Abstract: Provides relative to the premium rate for commercial surety underwriters writing criminal bail bonds. Present law provides that the premium rates for commercial surety underwriters writing criminal bail bonds in the various courts throughout the state of La. are not subject to the rates set by the commissioner of insurance. Specifies that these rates are set and adjusted by the legislature. Establishes the premium rate for commercial surety underwriters at 12% of the face amount of the bond or $60, whichever is greater. Specifies that any additional authorized premium fee shall not be included in this premium rate and is exclusive of the limit set in present law. Specifies that all other enforcement provisions are effective and may be enforced in accordance with law. Proposed law increases the dollar amount applicable to commercial surety underwriters writing criminal bail bonds from $60 to $100. Effective upon signature of governor or lapse of the time for gubernatorial action. (Amends R.S. 22:1443)