Sec. 28.14. Insurer and charitable bail organization supervision of bail agents

Latest version.

Every insurer and charitable bail organization shall:
(a) establish a bail agent supervision system that is reasonably designed to achieve compliance with this Part;
(b) require bail agents to report directly to:
(1) the insurer or charitable bail organization; or
(2) a licensed bail agent with which the insurer or charitable bail organization has a managing general agent agreement in accordance with Part 33 of this Title (Insurance Regulation 120);
(c) report to the superintendent every known violation of Insurance Law article 68 and this Part by a bail agent within 30 days of receipt of notice of the violation; and
(d) maintain records of all powers of attorney.

                    
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