Copyright © 2012 Surety 3: Designed By R. Dowston

Licensing Requirements for Agents.

*** Mississippi’s statutes contain extensive licensing provisions for bail agents. ***

• The department upon receipt of the license application, the required fee, and proof of good moral character and, in the case of a professional bail agent, an approved qualification bond in the required amount, shall issue to the applicant a license to do business as a professional bail agent, soliciting bail agent or bail enforcement agent as the case may be.

• No licensed professional bail agent shall have in his employ in the bail bond business any person who could not qualify for a license under this chapter, nor shall any licensed professional bail agent have as a partner or associate in such business any person who could not so qualify.

 

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

Premium Rate:  2% / 8%

Minimum Premium:  $100

Federal Rate: 10%

Department of Insurance

Collateral - Deed of Trust Form
State Surrender Time - 90 Days
Remission – 1 year remission

State Fees Per Bond - $25.00 per bond

(must be added to price quote)