Licensing Requirements for Agents.
1. CODE OF GEORGIA TITLE 17. CRIMINAL PROCEDURE CHAPTER 6. BONDS AND RECOGNIZANCES ARTICLE 2. SURETIES
PART 2. PROFESSIONAL BONDSMEN 17-6-50 Defines “professional bondsmen” and gives requirements for such.
- persons who hold themselves
out as signers or sureties of bonds for compensation are declared to be professional bondsmen.
- one who holds himself or herself out
as a signer or surety of bonds for compensation who must meet the following qualifications:
(1) Is 18 years of age or over;
(2) Is a
resident of the State of Georgia for at least one year befor making application to write bonds;
(3) Is a person of good moral character
and has not been convicted of a felony or any crime involving moral turpitude; and
(4) Is approved by the sheriff and remains in good
standing with respect to all applicable federal, state, and local laws and all rules and regulations established by the sheriff in
the county where the bonding business is conducted.
Filed Rates (Premium must be charged in accordance with PSC -S3GA filed rates for
this state.)
Premium Rate: 12% up to $10,000; 15% on amount in excess of $10,000
Minimum Premium: $100
Federal Rate: 15%
Collateral – FMNA Security Deed
State
Remission – 2 year remission
State Fees Per
Bond - Not Applicable
Licensing Requirements for Agents.
1. CODE OF GEORGIA TITLE 17. CRIMINAL PROCEDURE CHAPTER 6. BONDS AND RECOGNIZANCES ARTICLE 2. SURETIES PART 2. PROFESSIONAL BONDSMEN 17-6-50 Defines “professional bondsmen” and gives requirements for such.
- persons who hold themselves out as signers or sureties of bonds for compensation are declared to be professional bondsmen.
- one who holds himself or herself out as a signer or surety of bonds for compensation who must meet the following qualifications:
(1) Is 18 years of age or over;
(2) Is a
resident of the State of Georgia for at least one year befor making application to write bonds;
(3) Is a person of good moral character
and has not been convicted of a felony or any crime involving moral turpitude; and
(4) Is approved by the sheriff and remains in good
standing with respect to all applicable federal, state, and local laws and all rules and regulations established by the sheriff in
the county where the bonding business is conducted.
Remission – 2 year remission
