Definitions

TITLE 41 INSURANCE CHAPTER 10 PRODUCER LICENSING 41-1038. Definitions. As used in sections 41-1037 through 41-1045 , Idaho Code: (1)  "Bail" means a monetary amount required by the court to release the defendant from custody and to ensure his appearance in court as ordered. (2)  "Bail agent" means a person who is a licensed producer in the line of surety insurance that is authorized by an insurer to execute or countersign undertakings of bail in connection with judicial proceedings. (3)  "Bail bond" means a financial guarantee, posted by a bail agent and underwritten by a surety insurance company, that the defendant will appear as ordered. (4)  "Collateral" means property of any kind given as security to obtain a bail bond. (5)  "Department" means the department of insurance. (6)  "Director" means the director of the department of insurance. (7)  "Person" means an individual or a business entity. (8)  "Retail consumers of bail bonds" means a defendant and any person who provides collateral to obtain any portion of a bail bond. (9)  "Surety" or "surety insurance company" means an admitted insurer authorized in the line of surety pursuant to title 41 , Idaho Code.