(1) In addition to the requirements of Section 58-93-302, an applicant for licensure as a bail enforcement agent or bail recovery agent shall:
(a) submit an application in a form the division approves;
(b) pay a fee determined by the division under Section 63J-1-504;
(c) file and maintain with the division evidence of a surety bond:
(i) in an amount the division establishes by rule in collaboration with the board and in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act;
(ii) that shall remain in effect throughout the applicant's entire licensing period; and
(iii) that provides that the issuer of the surety bond shall notify the division if the bond is cancelled or expires; and
(d) provide proof to the division that the applicant has met each experience requirement for a bail enforcement agent under Section 58-93-307.
(2) An applicant for a bail enforcement agent or bail recovery agent license who simultaneously acts as qualifier for a bail bond agency under Section 58-93-303, may fulfill the requirements of this section if the applicant is listed on the bail bond agency's surety bond.