State Licensing Requirements.

A. TYPE OF LICENSE.

1) No one can engage in the bail bond business unless licensed in accord with 1.C. above. [17-19-201]

1. A licensee is a professional bail bond company or a professional bail bondsmen. [17-19-101(5)]
2. A professional bail bondsmen is an Arkansas(AR) resident who transacts business through the authority of a professional bail bond company. [17-19-101(6)] A bondsman must have a valid appointment from the company and a numbered power of attorney. [17-14-201(b)]
3. A professional bail bond company is a resident of an Arkansas firm, partnership, corporation, or foreign corporation authorized to conduct business in Arkansas. [17-19-101(7)]
4. An insurer is any company qualified to transact surety business in Arkansas [17-19-101(3)]. To write bail bonds, the insurer must be licensed as a professional bail bond company [17-19-201(6)].
5. Certain employees of a professional bail bond company who are employed for clerical, investigation, or administrative duties need to not be licensed. [17-19-201(e)]

Collateral - Mortgate / Deed of Trust Form
State Surrender Time - 120 Days
State Fees Per Bond - Not Applicable

No current Coverage