Sec. 12. All insurers or general agents requiring bail bond agents to post deposits pursuant to their bail bond writing authority must maintain those deposits in a bank, savings association, or credit union in this state. Each insurer or general agent shall report to the commissioner the location of each agent's account at the time of the agent's license issuance or renewal. Any change in the location of an agent's account shall be reported by the insurer or general agent to the commissioner within thirty (30) days of the change of location.
As added by P.L.261-1985, SEC.1. Amended by P.L.79-1998, SEC.33.
Structure Indiana Code
Chapter 3. Licensure and Registration
27-10-3-1. Bail Agent and Recovery Agent; Licenses; Qualifications
27-10-3-2. Expiration of License; Reinstatement
27-10-3-3. Applications; Qualifications
27-10-3-4. Examination; Fees; Fingerprints and Photographs
27-10-3-5. Recovery Agent; Additional Licensing Requirements; Fees; Fingerprints and Photographs
27-10-3-6. Examination; Application
27-10-3-7. Renewal; Fees; Continuing Education
27-10-3-7.1. Continuing Education Course Approval; Fees; Criteria
27-10-3-8. Denial, Suspension, or Revocation of Licenses; Refusal to Renew
27-10-3-9. Suspension or Revocation of Licenses; Hearings; Witnesses; Attorneys; Penalty
27-10-3-10. Suspension or Revocation of Licenses; Appeals
27-10-3-11. Surety Bail Agents; Terminating Appointment; Premiums Owed; Remedies
27-10-3-12. Deposits in Accounts of Insurers or Agents; Reports
27-10-3-13. Discontinuing Business; Return of License
27-10-3-14. Recovery Agent; Use of Licensed Persons; List
27-10-3-15. Insurers; Deposits; Engaging in Bail Bond Business
27-10-3-17. Registration of Licenses; Power of Attorney
27-10-3-19. Duty of Commissioner Upon Receipt of Support Order; Reinstatement