New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter II - Agents, Brokers And Adjusters
Part 28 - Professional Bail Bond Agents
Section 28.15 - Termination of appointment of bail agents
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 28.15
Current through Register Vol. 46, No. 39, September 25, 2024
(a)
(1) An insurer or charitable bail
organization that terminates the appointment of a bail agent shall, within 30
days after the termination, file written notice thereof with the superintendent
together with a statement that it has mailed or delivered notice to the
terminated bail agent at the bail agent's last known business address. The
notice filed with the superintendent shall state the reasons, if any, for the
termination.
(2) An insurer or
charitable bail organization shall, within five days after terminating the
appointment of a bail agent, give written notice thereof by certified mail to
each clerk of the court and sheriff with whom the bail agent is registered, and
shall retain such records for a period of at least six years from the date of
exoneration or final order of forfeiture.
(3) An insurer or charitable bail
organization that terminates the appointment of a bail agent may authorize the
bail agent to continue to attempt the arrest and surrender of a principal for
whom a bail had been placed by the bail agent prior to termination and to seek
discharge of forfeitures and judgments. The authorization shall be in
writing.
(b) Upon the surrender, suspension, revocation, expiration, or other termination of a bail agent's license, an insurer or charitable bail organization that had previously authorized the bail agent to act for it shall appoint immediately a licensed bail agent to administer all bail placed by the previously licensed bail agent.
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