Bail Bondsmen in the State of Connecticut must be licensed in order to conduct bonding business. Standard rates for bail or Bail Premiums are set and regulated by the Connecticut Insurance Department (CID). All bail bonding agencies doing business in CT must comply with CID regulations. Prior to the execution of a bail bond, all bondsmen must get written authorization from a third party or if possible the defendant himself. This authorization is usually accomplished via a signature agreement which allows a bail bondsman to initiate bail proceedings. If the bail bond Premium cannot be paid in full at the time of execution, a bondsmen can arrange a payment plan agreement. However, such unpaid balance must be paid no later than 15 months from the time of bail. Learn about Co-signers and why they are needed. Get informed about the Bail Bond 35% down requirement.
Brief and Simplified
1. We put up the money for the full amount of the Bail Bond (ex: $5,000).
2. Then charge the person financing the bail bond either a 10% on the first 5,000 and 7% every penny over 5,000.
(ex: $5,000 BOND = YOU PAY $500)
(ex: $10,000 BOND = YOU PAY $850)
3. For a bail bond equal to $5,000 or less, we charge a premium fee of 10%
4. For a bail bond greater than $5,000, we charge a premium fee of 7% + $150.00
Don't have the full premium, payment plans are available!