New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter II - Agents, Brokers And Adjusters
Part 28 - Professional Bail Bond Agents
Section 28.9 - Return of premium
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 28.9
Current through Register Vol. 46, No. 39, September 25, 2024
An insurer or a bail agent shall refund the full premium paid by the indemnitor if the principal is not released from custody, within 14 days of receipt of notice that the principal was not released. If there is more than one indemnitor, the amount refunded to each indemnitor shall be the amount that the indemnitor paid.
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