Bond Amount
$1,000
Requiring Entity
State of California Department of Insurance
Underwriting Criteria
Instant Issue No Credit Check
Premium Rate(s)
1 Year - $150*
Who is Required to Secure this Bond
A California Bail Agent Bond in the amount of $1,000 is mandatorily required to be filed with the State of California, Department of Insurance, as set forth in the California Insurance Code Section 1802, for all licensed Bail Agents.
Bond Requirement Specifics
The Bail Agent Bond requirement is set forth in the California Insurance Code Section 1802, to be in favor, and payable to the People of the State of California and is structured to benefit any person or persons damaged by acts made by the Bail Agent characterized by fraud, dishonesty, misstatement, misrepresentation, deceit and or any unlawful acts or omissions by the Bail Agent. The Surety Company who issued the Bail Agent bond on behalf of the Bail Agent must validate each claim and in the event the Bail Agent is found negligent, the Surety Company must pay the damages sought in the bond claim.
Who is protected Under this Bond
Any person or persons for whom the Bail Agent rendered services. The Bail Agent shall account to any person affected, in respect to business done, or transactions occurring under or by virtue of authority granted by any and all bail agent licenses which may be issued to the bail agent for the proper application and disposal of all moneys collected or received by the Bail Agent, his agents, solicitors or employees.
Underwriting Process
California Bail Agent Bonds are INSTANTLY ISSUED without the need of a personal credit check of the applicant so long as they have been provided a bail agent license by the State of California.
What you Need to do Once you have your Bond
As the original bail agent bond must be filed with the State of California, Department of Insurance, the original bond will be mailed to the bail agent within 24 hours of submitting their application online. The bail agent will need to forward the original bond to the State of California, Department of Insurance for filing. The bond will be placed in regular mail unless the applicant opts to pay the fee associated with overnight delivery during the application process.
* Please be advised that the quote you obtain for this bond may include a fee charged and retained by The Bond Exchange.