2019 New York Laws
ISC - Insurance
Article 68 - Bail Bonds
6801 - Bail Bond Business.

Universal Citation: NY Ins L § 6801 (2019)
§ 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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