§ 7554a - Approval of fidelity companies and agents; duty of court administrator - Vermont Statutes

§ 7554a. Approval of fidelity companies and agents; duty of court administrator

The court administrator, after consultation with the commissioner of banking, insurance, securities, and health care administration, may approve an entity that is licensed or authorized under the provisions of chapter 111 of Title 8, and any agent who is licensed under the provisions of chapter 131 of Title 8, to act as a surety, or on behalf of a surety, in this state to execute a bond in the form established by the court administrator under subsection 7554(i) of this title, or post bail as required as a condition of release, and if so approved, the entity or agent shall not need to be approved by any court, judicial officer or any other person. (Added 1993, No. 233 (Adj. Sess.), § 83, eff. June 21, 1994; amended 1995, No. 180 (Adj. Sess.), § 38(a); 2001, No. 124 (Adj. Sess.), § 3, eff. June 5, 2002.)