41-1040 BOND REQUIRED. - Idaho Statutes

State Codes and Statutes

Statutes > Idaho > Title41 > T41ch10 > T41ch10sect41-1040

TITLE 41

INSURANCE

CHAPTER 10

PRODUCER LICENSING

41-1040. Bond required. After January 1, 2004, a producer shall not act as a bail agent unless the producer first files with the department and thereafter maintains in force a surety performance bond, executed by an authorized surety insurer, in favor of the director in the amount of fifteen thousand dollars ($15,000). Such bond shall be held in trust for the benefit and protection of the public against a judicial or administrative determination by the department of loss by acts of fraud or dishonesty by the bail agent.

State Codes and Statutes

Statutes > Idaho > Title41 > T41ch10 > T41ch10sect41-1040

TITLE 41

INSURANCE

CHAPTER 10

PRODUCER LICENSING

41-1040. Bond required. After January 1, 2004, a producer shall not act as a bail agent unless the producer first files with the department and thereafter maintains in force a surety performance bond, executed by an authorized surety insurer, in favor of the director in the amount of fifteen thousand dollars ($15,000). Such bond shall be held in trust for the benefit and protection of the public against a judicial or administrative determination by the department of loss by acts of fraud or dishonesty by the bail agent.

State Codes and Statutes

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State Codes and Statutes

Statutes > Idaho > Title41 > T41ch10 > T41ch10sect41-1040

TITLE 41

INSURANCE

CHAPTER 10

PRODUCER LICENSING

41-1040. Bond required. After January 1, 2004, a producer shall not act as a bail agent unless the producer first files with the department and thereafter maintains in force a surety performance bond, executed by an authorized surety insurer, in favor of the director in the amount of fifteen thousand dollars ($15,000). Such bond shall be held in trust for the benefit and protection of the public against a judicial or administrative determination by the department of loss by acts of fraud or dishonesty by the bail agent.