A surety company authorized to do business in the state of Louisiana may become surety for the release of a person on a bail undertaking. The sufficiency of security posted in the form of an appearance bond by a surety company, as required by the provisions of Title 22 of the Louisiana Revised Statutes of 1950, shall be determined solely by the commissioner of insurance. (Source: Art. 314) A contract to indemnify a surety companyagainst loss on a bail undertaking is valid and enforceable. (Source: Art. 329)