Licensing Requirements for Agents.

1. California provides for three kinds of bail licenses [IC 1801]: the bail agents’ license [IC 1802], the bail permitees’ license [IC 1802.5], and the bail solicitors’ license [IC 1803]. Of concern here will be the bail agents’license, which permits the holder to solicit, negotiate, and effect undertakings of bail on behalf of any admitted surety. (A license may also be held by a corporation [IC 1810(b)]). The requirements of which license are:

• a surety bond of $1000 for proper handling of money collected [IC 1802],
• a notice of appointment on file with commissioner by a surety insurer [IC 1802.1],
• filing an application in the form prescribed by the commissioner with such supporting documents as required [IC 1804],
• filing of annual notices and applications to keep licenses in force and payment of fees by 1 May annually [IC 1808],
• taking and passing a written examination given by the commissioner [IC 1810.5, 1810.6], to qualify for which the applicant must take 12 hours of classroom education in pertinent subjects [IC 1810.7(a)],
• completion annually of not less than six hours of continuing classroom education on pertinent subjects prior to renewal of license [IC 1810.7(a)],
• payment of a license application fee of $118.00 [IC 1811(a)],

2. The regulatory body is the Insurance Department.

 

Filed Rates (Premium must be charged in accordance with PSC -S3GA filed rates for this state.)

Premium Rate: 10%

Minimum Premium:  $100

Federal Rate:  15%

Policy Fee:  $15

Department of Insurance

Collateral - Deed of Trust Form
State Surrender Time - 180 Days
Remission – Not Applicable

State Fees Per Bond - Not Applicable