Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69B - Division of Insurance Agent and Agency Services
Chapter 69B-221 - BAIL, BONDS, AND BAIL BOND AGENTS
Section 69B-221.135 - Collateral Security Requirements
Universal Citation: FL Admin Code R 69B-221.135
Current through Reg. 50, No. 187; September 24, 2024
(1) No bail bond agent shall accept collateral security or other indemnity of any type in an individual or aggregate amount totaling in excess of fifty thousand dollars ($50,000) cash per bond, except as provided by sections 648.442(1)(a)-(e), F.S., or by this rule.
(2) The meaning of "any other type of security" in section 648.442(1)(e), F.S., is defined to include only the following types of security:
(a) Shares of stock of a close corporation;
or
(b) Patents, copyrights or
trademarks.
Rulemaking Authority 648.26 FS. Law Implemented 648.442(1) FS.
New 12-23-82, Formerly 4-1.142, Amended 9-10-91, Formerly 4-1.0142, Amended 4-14-97, Formerly 4-221.135.
Disclaimer: These regulations may not be the most recent version. Florida may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
