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Affidavit Of Assets

Each bondsman or bonding company shall file an affidavit of assets with the Administrative Judge setting out the assets declared for bonding purposes with total liabilities on or before the first day of January of each year and such other times as directed by the Administrative Judge.  Failure to have current affidavits of assets on file on that date or as directed shall result in automatic and ex parte suspension of authorization to write bonds until the current affidavits are on file with the Administrative Judge.  Further, if said assets should decrease in value by more than $20,000.00 or 20% (whichever is greater), during any reporting period, an affidavit of assets showing such decrease shall be filed immediately.