New York § 6804 Premium or compensation

New York Statutes

§ 6804 — Premium or compensation

New York § 6804

Law ISCInsurance

Art. 68Bail Bonds

This text of New York § 6804 (Premium or compensation) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Insurance § 6804 (2026).

Text

§ 6804. Premium or compensation.

(a)The premium or compensation for\ngiving bail bond or depositing money or property as bail shall not\nexceed ten per centum of the amount of such bond or deposit in cases\nwhere such bonds or deposits do not exceed the sum of three thousand\ndollars. Where such bonds or deposits exceed the sum of three thousand\ndollars, the premium shall not exceed ten per centum of the first three\nthousand dollars and eight per centum of the excess amount over three\nthousand dollars up to ten thousand dollars and six per centum of the\nexcess amount over ten thousand dollars. In cases where the amount of\nthe bond or deposit is less than two hundred dollars a minimum premium\nof ten dollars may be charged.\n (b) No person or corporation shall:\n (1) charge or re

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§ 6804. Premium or compensation. (a) The premium or compensation for\ngiving bail bond or depositing money or property as bail shall not\nexceed ten per centum of the amount of such bond or deposit in cases\nwhere such bonds or deposits do not exceed the sum of three thousand\ndollars. Where such bonds or deposits exceed the sum of three thousand\ndollars, the premium shall not exceed ten per centum of the first three\nthousand dollars and eight per centum of the excess amount over three\nthousand dollars up to ten thousand dollars and six per centum of the\nexcess amount over ten thousand dollars. In cases where the amount of\nthe bond or deposit is less than two hundred dollars a minimum premium\nof ten dollars may be charged.\n (b) No person or corporation shall:\n (1) charge or receive, directly or indirectly, any greater\ncompensation for making a deposit for bail or giving bail, or act in\nsuch business as aforesaid without obtaining a license, or\n (2) accept any fee or compensation for obtaining a license or for\nobtaining a bondsman or bail bond. Such person or corporation shall be\nguilty of a misdemeanor and in addition shall in any action brought to\nrecover any such overcharge be liable for treble damages.\n (c) Any member of the bar having any financial interest by which he is\nto profit from the giving of bail shall be guilty of a misdemeanor.\n