Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 2 - Division of Insurance
Chapter 23 - Producers, Managing General Agents, Surplus Lines Brokers, Reinsurance Intermediary Managers, Reinsurance Intermediary Brokers, Third Party Administrators, and Independent Adjusters
Article 5 - Bail Bonds
3 AAC 23.810 - Collateral; custody

Universal Citation: 3 AK Admin Code 23.810

Current through February 24, 2025

(a) If a licensee transfers collateral to another bail bond limited producer or surety, the recipient of the collateral shall hold it in a fiduciary capacity, return it, and otherwise handle it in accordance with 3 AAC 23.745 - 3 AAC 23.859.

(b) Collateral may only be transferred from one licensee to another licensee or surety and may not be removed from the state.

Authority:AS 21.06.090

AS 21.27.360

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