New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 11. Insurance |
Chapter II. Agents, Brokers and Adjusters |
Part 28. Professional Bail Agents |
Sec. 28.20. Surrender of principal
Latest version.
- In the event of a surrender of the principal at the discretion of a bail agent, insurer, or charitable bail organization, the bail agent, insurer, or charitable bail organization shall at that time provide to the court a written explanation of the reason for the surrender and provide a copy of that written explanation to the department and each indemnitor within five business days of the surrender.