§ 6801. Bail bond business. (a) (1) Any person, firm or corporation in\nany court having criminal jurisdiction or in any criminal action or\nproceeding who shall for another deposit money or property as bail or\nexecute as surety any bail bond who within a period of one month prior\nthereto shall have made such a deposit or given such bail in more than\ntwo cases not arising out of the same transaction shall be deemed to be\ndoing a bail business and doing an insurance business as defined in\narticle eleven of this chapter.\n (2) Except for a corporation authorized to write fidelity and surety\ninsurance and to do a bail business pursuant to the provisions of\narticle eleven of this chapter and otherwise in compliance with all\nother requirements of this chapter to do such business or a charitable\nbail organization holding a certificate issued by the superintendent\npursuant to section six thousand eight hundred five of this article and\notherwise in compliance with all other requirement of this chapter, no\nperson, firm or corporation shall engage in a bail business in this\nstate.\n (b) (1) No person, firm or corporation shall in this state do an\ninsurance business or a bail business as defined in subsection (a) of\nthis section unless authorized by a license issued and in force as\nprovided under article eleven of this chapter.\n (2) The superintendent may authorize a property/casualty insurance\ncompany which is authorized to write fidelity and surety insurance to do\na bail business in accordance with the provisions of article eleven of\nthis chapter, but no individual shall be licensed to do such business.\n
‹ Prev All New York sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.