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431.510 Prohibitions.
(1)
(2)
(3)
(4)
It shall be unlawful for any person to engage in the business of bail bondsman
as defined in subsection (3) of this section, or to otherwise for compensation or
other consideration:
(a) Furnish bail or funds or property to serve as bail; or
(b) Make bonds or enter into undertakings as surety;
for the appearance of persons charged with any criminal offense or violation of
law or ordinance punishable by fine, imprisonment or death, before any of the
courts of this state, including city courts, or to secure the payment of fines
imposed and of costs assessed by such courts upon a final disposition.
Nothing contained herein shall serve to release any bail bondsman heretofore
licensed by this state from the obligation of undischarged bail bond liability
existing on June 19, 1976.
"Bail bondsman" shall mean any person, partnership, or corporation engaged
for profit in the business of furnishing bail, making bonds or entering into
undertakings, as surety, for the appearance of persons charged with any
criminal offense or violation of law or ordinance punishable by fine,
imprisonment, or death, before any of the courts of this state, or securing the
payment of fines imposed and of costs assessed by such courts upon final
disposition thereof, and the business of a bail bondsman shall be limited to the
acts, transactions, and undertakings described in this subsection and to no
other.
KRS 431.510 to 431.550 shall not be construed to limit or repeal KRS 431.021
or to prevent licensed insurers providing security required by Subtitle 39 of
KRS Chapter 304 and nonprofit associations from posting or causing to be
posted by licensed insurers security or acting as surety for their insureds or
members for an offense arising from the operation of a motor vehicle, provided
that such posting of security or acting as surety is merely incidental to the
terms and conditions of an insurance contract or a membership agreement and
provided further that no separate premium or charge therefor is required from
the insureds or members.
Effective:July 13, 2004
History: Amended 2004 Ky. Acts ch. 24, sec. 47, effective July 13, 2004. -Created 1976 Ky. Acts ch. 2, sec. 1.
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