The On the Board report is a statewide listing of professional sureties and insurance companies that have outstanding bond judgments. A bond judgment is entered if a defendant fails to appear for the court date. When the defendant fails to appear the professional surety is responsible to pay the bond amount. Once the professional surety fails to pay the bond amount, a judgment is ordered by the court to be entered against the professional surety. When the judgment is not paid the professional surety is put on the board. Once on the board the professional surety can no longer post bonds in the state of Colorado. After the professional surety fails to pay the judgment the insurance company becomes liable for the bond judgment. If the insurance company fails to pay this judgment the insurance company is put on the board also. Once the insurance company is on the board they can no longer write bonds in the state of Colorado.
This report includes the following information:
- Professional surety name or insurance company
- Court location
- The case number with the existing bond judgment
Once the bond judgment is satisfied the professional surety and/or insurance company status is removed from on the board. When this status has been updated the professional surety/insurance company will be able to post bonds.