New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter II - Agents, Brokers And Adjusters
Part 28 - Professional Bail Bond Agents
Section 28.20 - Surrender of principal
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 28.20
Current through Register Vol. 46, No. 39, September 25, 2024
In the event of a surrender of the principal at the discretion of a bail agent, insurer, or charitable bail organization, the bail agent, insurer, or charitable bail organization shall at that time provide to the court a written explanation of the reason for the surrender and provide a copy of that written explanation to the department and each indemnitor within five business days of the surrender.
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