The suspects or the victims ‘ families typically make bail guarantees until a jury. The pledge is simply to insure the defendant can testify in court as the judge summons. Professional bondholders demand a premium, typically 10 per cent of the value of the bond, based on a judge’s percentage of the bond. Visit Bail Bonds Company.
Both the policy firms have to register their premiums with the policy regulator. All bail agents representing a particular company must charge only those rates which have been filed. The rate map must be displayed in any bail bond office at a clear spot.
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 refuses to testify, the cost of the bond is void, and the insurance company authorizing the bond is forfeited as a liability. Bail bonds, therefore, usually insist on collateral for the safeguard.
Those bail bonds must be sold by approved bail brokers who specialize in their underwriting and issuance. Yet bail officers should be just the designated assistants of accredited insurance agencies. 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.