N.Y. Comp. Codes R. & Regs. tit. 11 § 28.14

Current through Register Vol. 46, No. 45, November 2, 2024

Section 28.14 - Insurer and charitable bail organization supervision of bail agents

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.

N.Y. Comp. Codes R. & Regs. Tit. 11 § 28.14

Adopted New York State Register November 20, 2019/Volume XLI, Issue 47, eff. 3/19/2020