New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter II - Agents, Brokers And Adjusters
Part 28 - Professional Bail Bond Agents
Section 28.12 - Premium and collateral accounts
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 28.12
Current through Register Vol. 46, No. 39, September 25, 2024
Every bail agent shall hold premium and cash collateral collected in an account separate from the bail agent's own funds. All funds shall be maintained in accordance with sections 20.3 and 20.4 of this Title (Insurance Regulation 29A).
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