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2022 New York Laws
ISC - Insurance
Article 11 - Licensing of Insurers
1123 - Immigration Bail Business.

Universal Citation: NY Ins L § 1123 (2022)
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§ 1123. Immigration   bail   business.   (a)(1)   Any   person,  firm,
corporation, or other entity who shall  for  another  deposit  money  or
property as bail or execute as surety any bond in any immigration action
or  proceeding 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 an
immigration bail business.
  (2) Except for a corporation authorized to write fidelity  and  surety
insurance  and  to  do  an  immigration  bail  business  pursuant to the
provisions of this article and otherwise in compliance  with  all  other
requirements  of  this  chapter  to  do  such business, no person, firm,
corporation, or  other  entity  shall  engage  in  an  immigration  bail
business in this state.
  (b)  (1)  No  person, firm, corporation, or other entity shall in this
state do an insurance  business  or  an  immigration  bail  business  as
defined in subsection (a) of this section unless authorized by a license
issued and in force as provided under this article.
  (2)  The  superintendent  may  authorize a property/casualty insurance
company that is authorized to write fidelity and surety insurance to  do
an  immigration  bail business in accordance with the provisions of this
article, but no individual or  entity  shall  be  licensed  to  do  such
business.
  (c)  Any person, firm, corporation, or other entity that violates this
section shall be subject to the penalty set forth in subsection  (a)  of
section one thousand one hundred two of this article.
  (d)  Any  agreement  entered into by an entity subject to this section
that is not authorized to do an immigration bail business in  accordance
with the provisions of this article shall be void and unenforceable.
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