636.11 - AUTHORITY TO ACT AS SURETY -- AGENT QUALIFICATIONS.
636.11 AUTHORITY TO ACT AS SURETY -- AGENT QUALIFICATIONS. 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.
Section History: Early Form [C97, § 359; C24, 27, 31, 35, 39, § 12760; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 682.11]
Section History: Recent Form 88 Acts, ch 1034, § 1; 91 Acts, ch 213, §33 C93, § 636.11