2012 New York Consolidated Laws
ISC - Insurance
Article 68 - (6801 - 6805) BAIL BONDS
6801 - Bail bond business.


NY Ins L § 6801 (2012) What's This?
 
    § 6801. Bail bond business. (a) (1) Any person, firm or corporation in
  any  court  having  criminal  jurisdiction  or in any criminal action or
  proceeding who shall for another deposit money or property  as  bail  or
  execute  as  surety any bail bond who within a period of one month prior
  thereto shall have made such a deposit or given such bail in  more  than
  two  cases not arising out of the same transaction shall be deemed to be
  doing a bail business and doing an  insurance  business  as  defined  in
  article eleven of this chapter.
    (2)  Except  for a corporation authorized to write fidelity and surety
  insurance and to do a  bail  business  pursuant  to  the  provisions  of
  article  eleven  of  this  chapter  and otherwise in compliance with all
  other requirements of this chapter to do such business or  a  charitable
  bail  organization  holding  a  certificate issued by the superintendent
  pursuant to section six thousand eight hundred five of this article  and
  otherwise  in  compliance with all other requirement of this chapter, no
  person, firm or corporation shall engage in  a  bail  business  in  this
  state.
    (b)  (1)  No  person,  firm  or  corporation shall in this state do an
  insurance business or a bail business as defined in  subsection  (a)  of
  this  section  unless  authorized  by  a  license issued and in force as
  provided under article eleven of this chapter.
    (2) The superintendent may  authorize  a  property/casualty  insurance
  company which is authorized to write fidelity and surety insurance to do
  a  bail  business in accordance with the provisions of article eleven of
  this chapter, but no individual shall be licensed to do such business.

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