New York judge sets new conditions on Trump's civil fraud bond

State of play: James requested earlier this month that Knight Specialty Insurance Company, which issued the bond, or Trump's lawyers, prove the company is financially able to perform under the bond.

• The company isn't registered with the Empire State's Department of Financial Services.
• In a court filing Friday, James wrote that the defendants and the company had "failed to justify" the surety of the bond.
• James asked Engoron to void the bond and require Trump to post a replacement bond within seven days of the ruling.

The big picture: While Engoron allowed the bond to stand, Trump and Knight Specialty Insurance Company agreed to meet several new requirements, per a spokesperson from the New York State Attorney General's office.

• These include that Knight Specialty Insurance Company will retain "exclusive control" of the $175 million account, and the company and Trump will provide a monthly account statement certifying that there are sufficient cash funds for the bond.
• Knight Specialty Insurance Company has agreed to designate an agent of process in New York.

• The agreement between the company and Trump also can't be amended without court approval.

Zoom out: Trump was initially ordered to post a $454 million bond in the case after being found liable for financial fraud, though Trump swiftly appealed the judgement.

• The bond was later reduced to $175 million, which Trump posted at the start of the month.
• Billionaire Don Hankey, the chairman of Knight Specialty Insurance Company, underwrote the bond. Hankey had donated to Trump's previous campaigns.