Revise surety bail bond insurance laws relating to the collection of premium and other fees

This bill updates Montana's laws governing surety bail bond insurance to establish clearer rules for how premiums and fees are collected. It directly affects bail bond producers and individuals purchasing surety appearance bonds by requiring producers to collect a minimum premium of 10% of the bond's guaranteed amount. The legislation mandates that this premium be collected in full at the time of purchase and requires producers to provide a receipt with the bond. Additionally, producers may only charge extra fees if they clearly disclose those fees and provide a fee schedule in the contract.