New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter II - Agents, Brokers And Adjusters
Part 28 - Professional Bail Bond Agents
Section 28.14 - Insurer and charitable bail organization supervision of bail agents
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 28.14
Current through Register Vol. 46, No. 12, March 20, 2024
Every insurer and charitable bail organization shall:
(a) establish a bail agent supervision system that is reasonably designed to achieve compliance with this Part;
(b) require bail agents to report directly to:
(1) the insurer or charitable bail
organization; or
(2) a licensed
bail agent with which the insurer or charitable bail organization has a
managing general agent agreement in accordance with Part 33 of this Title
(Insurance Regulation 120);
(c) report to the superintendent every known violation of Insurance Law article 68 and this Part by a bail agent within 30 days of receipt of notice of the violation; and
(d) maintain records of all powers of attorney.
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