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Much of the industry has argued that a floating value would create accounting and tax headaches that would push institutional investors to flee from the relatively safe sector.
With only $3,500 and three computers, they landed contracts to create accounting systems for big companies and won a competition to design a time-management software for the Egyptian government.
Steven Nachman, head of the State Insurance Department's frauds and consumer services bureaus, said the department was considering imposing new regulations that would not only create accounting requirements for the bondsmen, but would also require the insurance companies to keep tighter control of the finances of their bail-bond agents.
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