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Laws of North Carolina (Last Updated: May 12, 2015) |
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Chapter58. Insurance. |
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Article71. Bail Bondsmen and Runners |
§58-71-175. Limit on principal amount of bond to be written by professional bondsman
Latest version.
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No professional bondsman shall become liable on any bond or multiple of bonds for any one individual that totals more than one-fourth of the value of the securities deposited with the Commissioner at that time, until final termination of liability on such bond or multiple of bonds.
(1975, c. 619, s. 1; 1987, c. 728, s. 3; 1989, c. 485, s. 42.)