(1) The board shall:
(a) meet:
(i) at least quarterly; and
(ii) at the call of the chair;
(b) make written recommendations to the commissioner for rules governing the following aspects of the bail bond insurance business:
(i) qualifications, applications, and fees for obtaining:
(A) a license required by this Section 31A-35-401; or
(B) a certificate;
(ii) limits on the aggregate amounts of bail bonds;
(iii) unprofessional conduct;
(iv) procedures for hearing and resolving allegations of unprofessional conduct; and
(v) sanctions for unprofessional conduct;
(c) screen:
(i) bail bond agency license applications; and
(ii) persons applying for a bail bond agency license; and
(d) recommend to the commissioner action regarding the granting, suspending, revoking, and reinstating of bail bond agency license.
(2) Nothing in Subsection (1)(d) precludes the commissioner from suspending a license under Section 31A-35-504.
(3) The board may:
(a) conduct investigations of allegations of unprofessional conduct on the part of persons or bail bond agencies involved in the business of bail bond insurance; and
(b) provide the results of the investigations described in Subsection (3)(a) to the commissioner with recommendations for:
(i) action; and
(ii) any appropriate sanctions.