Bail bonds are usually made by the defendants or their families prior to a trial. The purpose of the bond is to ensure that the defendant shows up in court when the judge summons him. Professional bondsmen charge a fee, which is normally 10% of the bond amount, depending on the percentage set by the judge. Do you want to learn more? Visit Connecticut Bail Bonds Group.
The Department of Insurance requires all surety companies to file their rates. All bail agents who represent a specific business are required to charge only the rates that have been filed. Any bail bond office is required to post the rate chart in a visible location.
When a bail bond is released, the bonding firm is required to guarantee the defendant’s presence in court at a certain time and place. The government agency in whose court the defendant is required to appear is covered by the bond. The bond sum becomes due and is forfeited as a penalty by the surety insurer issuing the bond if the defendant fails to appear. As a result, bail bonds typically need collateral to secure the surety.
These bail bonds must be issued by licenced bail agents who specialise in their underwriting and issuance. Bail agents, on the other hand, may only be approved members of licenced surety insurance firms. It’s crucial to work with a licenced bail bondsman who works for a licenced business. Before entering into any deal with the agent or the organisation the agent represents, make sure to verify the agent’s licence and state identification.