§ 1123 — Immigration bail business

New York § 1123

• Jurisdiction: New York
• Law ISC: Insurance
• Art. 11: Licensing of Insurers

Text

§ 1123. Immigration bail business. (a)(1) Any person, firm,\ncorporation, or other entity who shall for another deposit money or\nproperty as bail or execute as surety any bond in any immigration action\nor proceeding who within a period of one month prior thereto shall have\nmade such a deposit or given such bail in more than two cases not\narising out of the same transaction shall be deemed to be doing an\nimmigration bail business.\n (2) Except for a corporation authorized to write fidelity and surety\ninsurance and to do an immigration bail business pursuant to the\nprovisions of this article and otherwise in compliance with all other\nrequirements of this chapter to do such business, no person, firm,\ncorporation, or other entity shall engage in an immigration bail\nbusiness in this state.\n (b) (1) No person, firm, corporation, or other entity shall in this\nstate do an insurance business or an immigration bail business as\ndefined in subsection (a) of this section unless authorized by a license\nissued and in force as provided under this article.\n (2) The superintendent may authorize a property/casualty insurance\ncompany that is authorized to write fidelity and surety insurance to do\nan immigration bail business in accordance with the provisions of this\narticle, but no individual or entity shall be licensed to do such\nbusiness.\n (c) Any person, firm, corporation, or other entity that violates this\nsection shall be subject to the penalty set forth in subsection (a) of\nsection one thousand one hundred two of this article.\n (d) Any agreement entered into by an entity subject to this section\nthat is not authorized to do an immigration bail business in accordance\nwith the provisions of this article shall be void and unenforceable.\n