§431:1-210 - Surety insurance defined.
§431:1-210 Surety insurance defined. Surety insurance includes:
(1) Bail bond insurance, which is a guarantee thatany person, in or in connection with any proceedings in any court, will:
(A) Attend in court when required, or
(B) Will obey the orders of judgment of thecourt, as a condition to the release of the person from confinement, and theexecution of bail bonds for any such purpose. The making of property or cashbail does not constitute the transacting of bail bond insurance.
(2) Fidelity insurance, which is insuranceguaranteeing the fidelity of persons holding positions of public or privatetrust.
(3) Guaranteeing the performance of contracts andguaranteeing and executing bonds, undertakings and contracts of suretyship.
(4) Indemnifying banks, bankers, brokers, financialor moneyed corporations or associations against loss resulting from any causeof bills of exchange, notes, bonds, securities, evidences of debts, deeds,mortgages, warehouse receipts, or other valuable papers, documents, money,precious metals, and articles made therefrom, jewelry, watches, necklaces,bracelets, gems, precious and semiprecious stones, including any loss while thesame are being transported in armored motor vehicles, or by messenger, but notincluding any other risks of transportation or navigation; also against loss ordamage to such insured's premises, or to the insured's furnishings, fixtures,equipment, safes, and vaults therein, caused by burglary, robbery, theft,vandalism, or malicious mischief, or any attempted burglary, robbery, theft,vandalism, or malicious mischief.
(5) Forgery insurance. [L 1987, c 347, pt of §2]