International Fidelity Insurance Co., a Colorado-regulated casualty company based in New Jersey, has been fined $442,000 for numerous violations of insurance law related to its Colorado bail bond business, the state Division of Insurance reported Tuesday.

International Fidelity is licensed to provide a range of surety bonds in Colorado, but the recent market conduct examination focused only on its bail bond business, the agency said.

Issues addressed in the examination report include:

•  Failure to handle funds in a fiduciary capacity,

•  Failure to appropriately contract with all agents,

•  Failure to require bail bond agents to complete required documentation,

•  Failure to include all required information on documentation related to the issuance of bail bonds, and

•  Failure to properly document deviations from filed rates.

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