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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 3. Commerce, Community, and Economic Development. |
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Part 3.1. Banking, Securities, Small Loans and Corporations. |
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Chapter 3.23. Producers, Managing General Agents, Surplus Lines Brokers, Reinsurance Intermediary Managers, Reinsurance Intermediary Brokers, Third Party Administrators, and Independent Adjusters. |
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Article 3.23.1. Licensing Requirements. |
Section 3.23.810. Collateral; custody.
Latest version.
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(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.
Authorities
21.06.090;21.27.360