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The state of Connecticut is taking new measures to better regulate the bail bond industry. Concerns about bail bondsman not charging the full premium on bail bonds is becoming a large problem for the Insurance companies and the public. A Bail bond premium is the percentage fee charged to the defendant to be released form jail. For instance if a bail bond is $10,000, in Florida, a fee of $1,000 must be paid for the defendants release through a bonding agency. Many bondsman in Connecticut are asking for less in the hope to gain more business. This sort of business practice is what damages the reputation and integrity of bail bond industry. House Bill 6354 will regulate this type of practice. This Bill allows the insurance company to collect the entire premium form the bonding agency and then issue the commission to the bondman minus any fees due to the insurance company. Do you think this type of regulation will help or hurt the industry. Read the full article here.
Tags: bail bond regulation, Bail Bonds, Bill 6354
[...] The state of Connecticut is taking new measures to better regulate the bail bond industry. Concerns about bail bondsman not charging the full premium on bail bonds is becoming a large problem for the Insurance companies and the public. … Bail Bond News [...]
I think this type of regulation will help the industry. For those looking for efficient bail bond agents who follow all the industry guidelines in LA County, I’d recommend Plotkin bail bonds (http://www.bail-bonds.com/). When my friend Tony got arrested for shoplifting a few months ago, their services served to secure a speedy release for him. The agents from the company were really helpful and professional. Their ability to understand the urgency of the situation, served to smoothen my taunt nerves. I’m eternally grateful to them for the speedy release for my friend.
[...] The state of Connecticut is taking new measures to better regulate the bail bond industry. Concerns about bail bondsman not charging the full premium on bail bonds is becoming a large problem for the Insurance companies and the public. A Bail bond premium is the percentage fee charged to the defendant to be released form jail. For instance if a bail bond is $10,000, in Florida, a fee of $1,000 must be paid for the defendants release through a bonding agency. Many bondsman in Connecticut are Bail Bond News [...]
[...] The state of Connecticut is taking new measures to better regulate the bail bond industry. Concerns about bail bondsman not charging the full premium on bail bonds is becoming a large problem for the Insurance companies and the public. A Bail bond premium is the percentage fee charged to the defendant to be released form jail. For instance if a bail bond is $10,000, in Florida, a fee of $1,000 must be paid for the defendants release through a bonding agency. Many bondsman in Connecticut are Bail Bond News [...]