Iowa Code (Last Updated: December 05, 2016) |
Title XV. JUDICIAL BRANCH AND JUDICIAL PROCEDURES |
Chapter 636. SURETIES — FIDUCIARIES — TRUSTS — INVESTMENTS |
Section 636.11. Authority to act as surety — agent qualifications.
Latest version.
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1. The commissioner of insurance shall annually file with the clerk of the district court of each county a complete list of the corporate sureties to whom the commissioner has issued a current certificate of authority to transact the business of a surety in this state.
2. An agent for a company authorized to engage in the business of becoming surety upon bonds pursuant to subsection 1 must be a resident of this state for the purpose of acting on behalf of the surety company with respect to any bond or bail in criminal cases.
[C97, §359; C24, 27, 31, 35, 39, §12760; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §682.11]
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C93, §636.11