Statutes, codes, and regulations
Alaska Administrative Code
Title 3 - Commerce, Community, and Economic DevelopmentPart 2 - Division of InsuranceChapter 23 - Producers, Managing General Agents, Surplus Lines Brokers, Reinsurance Intermediary Managers, Reinsurance Intermediary Brokers, Third Party Administrators, and Independent Adjusters
Article 5 - Bail Bonds
Section 3 AAC 23.810 - Collateral; custody

3 Alaska Admin. Code § 23.810

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Current through September 25, 2024
Section 3 AAC 23.810 - Collateral; custody
(a) If a licensee transfers collateral to another bail bond limited producer or surety, the recipient of the collateral shall hold it in a fiduciary capacity, return it, and otherwise handle it in accordance with 3 AAC 23.745 - 3 AAC 23.859.
(b) Collateral may only be transferred from one licensee to another licensee or surety and may not be removed from the state.

3 AAC 23.810

Eff. 12/18/92, Register 124

Authority:AS 21.06.090

AS 21.27.360