Bail licenses: examination of books.

Existing law requires the Insurance Commissioner to make an examination of the books and records of the applicant for a bail license with the costs and expenses of the examination to be paid by the commissioner out of funds appropriated for support of the Department of Insurance. This bill, among other things, would repeal those provisions and would instead require the commissioner, prior to licensure, and at any other time as he or she deems necessary in his or her discretion, to examine the books and affairs of persons or corporations subject to the bail licensing provisions. The bill would also place the costs of the examination on the person or corporation examined, except as provided.