La. Admin. Code tit. 37 § XIII-4903

Current through Register Vol. 50, No. 11, November 20, 2024
Section XIII-4903 - Definitions
A. The following terms when used in this Chapter shall have the following meanings.

Bail Bond Producer-a person who holds an insurance producer license for the line of bail bonds and engages in the apprehension or surrender of persons who are released on bail or who failed to appear at any stage of the proceedings to answer the charge before the court in which they may be prosecuted.

Bail Enforcement-the apprehension or surrender of a principal who is released on bail or who has failed to appear at any stage of the proceedings to answer the charge before the court in which they may be prosecuted. For the purposes of this regulation, bail enforcement shall include those activities commonly known as bail recovery, fugitive recovery or bounty hunting.

Bail Solicitor- an individual who holds an insurance license and is authorized by a duly licensed bail bond agent to solicit contracts of bail bond insurance and engages in bail enforcement, solely on behalf of the licensed bail bond agent.

Commissioner-the Louisiana Commissioner of Insurance.

Department-the Louisiana Department of Insurance.

Insurer-any domestic, foreign or alien insurance corporation or association engaged in the business of insurance or suretyship which has qualified to transact surety business in this state.

Surrender-as defined by the L.A.-CCRP Article 311.

La. Admin. Code tit. 37, § XIII-4903

Promulgated by the Department of Insurance, Commissioner of Insurance, LR 25:707 (April 1999), Amended LR 471327 (9/1/2021).
AUTHORITY NOTE: Promulgated in accordance with R.S. 22:11, 22:13, 22:822, 22:1211, 22:1441, 22:1443, 22:1543, 22:1547, and 22:1556.