(2) Except for a corporation authorized to write fidelity and surety
insurance and to do a bail business pursuant to the provisions of
article eleven of this chapter and otherwise in compliance with all
other requirements of this chapter to do such business or a charitable
bail organization holding a certificate issued by the superintendent
pursuant to section six thousand eight hundred five of this article and
otherwise in compliance with all other requirement of this chapter, no
person, firm or corporation shall engage in a bail business in this
state.
(b) (1) No person, firm or corporation shall in this state do an
insurance business or a bail business as defined in subsection (a) of
this section unless authorized by a license issued and in force as
provided under article eleven of this chapter.
(2) The superintendent may authorize a property/casualty insurance
company which is authorized to write fidelity and surety insurance to do
a bail business in accordance with the provisions of article eleven of
this chapter, but no individual shall be licensed to do such business.