3905.862 Expiration or cancellation of appointment; fee. - Ohio Statutes

3905.862 Expiration or cancellation of appointment; fee.

Upon the expiration or cancellation of a surety bail bond agent’s appointment, the agent shall not engage or attempt to engage in any activity requiring such an appointment. However, an insurer that cancels the appointment of a surety bail bond agent may authorize the agent to continue to attempt the arrest and surrender of a defendant for whom a bail bond had been written prior to the cancellation and to seek discharge of forfeitures and judgments.

An insurer that cancels the appointment of a surety bail bond agent or allows that appointment to expire shall pay to the superintendent of insurance a fee pursuant to division (A)(9) of section 3905.40 of the Revised Code.

Amended by 128th General Assembly File No. 18, HB 300, § 1, eff. 5/26/2010.

Effective Date: 10-09-2001

See 128th General Assembly File No. 18, HB 300, §6.

See 128th General Assembly File No. 18, HB 300, §3.