Nevada Revised Statutes 697.240 – Bail agent: Appointment
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1. Each insurer appointing a bail agent shall file with the Commissioner a written appointment and pay the applicable fee for the appointment.
Terms Used In Nevada Revised Statutes 697.240
- Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
2. Each appointment remains in effect until the bail agent’s license is revoked or otherwise terminated, or there is an earlier termination of the appointment.
3. No insurer may appoint a bail agent whose contingent liability exceeds an amount equal to 10 times his or her reserve account unless the appointment is first approved by the Commissioner.