After January 1, 2004, a producer shall not act as a bail agent unless the producer first files with the department and thereafter maintains in force a surety performance bond, executed by an authorized surety insurer, in favor of the director in the amount of fifteen thousand dollars ($15,000). Such bond shall be held in trust for the benefit and protection of the public against a judicial or administrative determination by the department of loss by acts of fraud or dishonesty by the bail agent.
Idaho Code § 41-1040
Bond required
Known as the Limited Lines Travel Insurance Act
The act spans §§ 41–41 (65 sections).
I.C., § 41-1040, as added by 2003, ch. 104, § 4, p. 328; am. 2010, ch. 86, § 5, p. 165.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.