Sec. 28.15. Termination of appointment of bail agents

(a)

(1) An insurer or charitable bail organization that terminates the appointment of a bail agent shall, within 30 days after the termination, file written notice thereof with the superintendent together with a statement that it has mailed or delivered notice to the terminated bail agent at the bail agent’s last known business address. The notice filed with the superintendent shall state the reasons, if any, for the termination.

(2) An insurer or charitable bail organization shall, within five days after terminating the appointment of a bail agent, give written notice thereof by certified mail to each clerk of the court and sheriff with whom the bail agent is registered, and shall retain such records for a period of at least six years from the date of exoneration or final order of forfeiture.

(3) An insurer or charitable bail organization that terminates the appointment of a bail agent may authorize the bail agent to continue to attempt the arrest and surrender of a principal for whom a bail had been placed by the bail agent prior to termination and to seek discharge of forfeitures and judgments. The authorization shall be in writing.

(b) Upon the surrender, suspension, revocation, expiration, or other termination of a bail agent’s license, an insurer or charitable bail organization that had previously authorized the bail agent to act for it shall appoint immediately a licensed bail agent to administer all bail placed by the previously licensed bail agent.