The defendants or the defendants ‘ relatives usually make bail bonds before a trial. The bond is only to ensure the defendant will appear in court when the judge summons. Professional bondholders charge a fee, usually 10 per cent of the amount of the bond, depending on a judge’s percentage of the bond.Connecticut Bail Bonds Group has some nice tips on this.
All the insurance companies have to file their rates with the insurance department. All bail representatives of a particular company shall charge only those prices which have been charged. The rate map must be displayed in every bail bond office at a visible location.
When a bail bond is issued, the bonding firm must guarantee the defendant’s appearance in court at a given time and place. The bond protects the entity of the Government in whose court the defendant must appear. In the case that the prisoner fails to appear, the cost of the bond is void, and the insurance company issuing the bond is forfeited as a liability. Bail bonds, therefore, usually insist on collateral for the safeguard.
Those bail bonds must be issued by licensed bail agents who specialize in their underwriting and issuance. But bail agents can be only the appointed representatives of licensed insurance companies. It is important to only deal with a licensed bail bondman who is employed by a licensed company. Please ensure that the license of the agent and the identification of the State are checked before committing to any agreement with the agent or company represented by the agent.