Ohio Code 3905.83 – Surety bail bond agent definitions
Current as of: 2023 | Check for updates
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As used in sections 3905.83 to 3905.95 of the Revised Code:
Terms Used In Ohio Code 3905.83
- 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.
- Bond: includes an undertaking. See Ohio Code 1.02
- Insurance: means any of the lines of authority set forth in Chapter 1739. See Ohio Code 3905.01
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Person: means an individual or a business entity. See Ohio Code 3905.01
- state: means the state of Ohio. See Ohio Code 1.59
- superintendent of insurance: means the superintendent of insurance of this state. See Ohio Code 3905.01
(A) “Insurer” means any domestic, foreign, or alien insurance company that has been issued a certificate of authority by the superintendent of insurance to transact surety business in this state.
(B) “Managing general agent” means any person that is appointed or employed by an insurer to supervise or otherwise manage the bail bond business written in this state by surety bail bond agents appointed by the insurer.
(C) “Surety” means an insurer that agrees to be responsible for the fulfillment of the obligation of a principal if the principal fails to fulfill that obligation.