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Current as of January 01, 2024 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Idaho Statutes Title 41. Insurance § 41-1040. Bond required - last updated January 01, 2024 | https://codes.findlaw.com/id/title-41-insurance/id-st-sect-41-1040/
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