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Senate Bill 0361


Senate Bill 0361

ARCHIVE (2006)

Latest Information

 

DIGEST OF SB361 (Updated February 2, 2006 6:38 pm - DI 84)


Operation of license branches by contractors. Provides that if a qualified person demonstrates to the bureau of motor vehicles commission that the person can meet the statutory requirements to operate a license branch or to provide partial services, the commission shall award a contract to the qualified person to provide license branch services or partial services. Provides that a contractor that operates a license branch or provides partial services is not required to collect statutory services charges but may collect and keep any service fees the contractor considers necessary to provide the services. Requires a contractor to collect and pay to the bureau of motor vehicles a transaction fee that recovers the costs to the state, as determined by the bureau and the state board of accounts, to support license branch services. Provides that the commission may not require a contractor to provide a cash bond as the fidelity bond to secure performance of the contract. Provides that the commission is not required to replace any license branch operated by the commission with a license branch operated by a person under a contract. Adds insurance producers to the list of entities that are "qualified persons".
    Current Status:
     In Committee - 2nd House
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