The Business of Bail Bonds
When a bonding company issues a bond to a defendant, they are in essence guaranteeing that defendant’s presence in court. Such bail bonds are issued via licensed companies who have the authority to underwrite them. Bail bond agencies essentially work as appointed representatives of licensed surety insurances corporations.
Opening such a business involves intricate knowledge of the bonding process. A bondsman must be properly licensed, and to achieve this one must undertake hours of supervised training. Basic requirements to start such a company include being a U.S. citizen or legal alien, being at least 18 years of age and holding a high school diploma or its equivalent. Potential bondsmen must be a licensed in the state in which they reside. They must also have a rather spotless police record – with no felony, fraud or other charges to blacken it.
If you meet all of these requirements, you may sign up for the first stage of becoming a bondsman: classroom training. Before you can obtain a license to practice this profession, you must complete 120 hours of instruction and wrap up the course by scoring 80% or higher on the final exam. Potential bondsmen must also take self-defense training and learn the proper procedure to make arrests. In addition to the 120 hours of classroom time, applicants must complete a correspondence course in insurance training. Both the requirement of the 120 hours of classes and the insurance correspondence training must be fulfilled before any further action can be taken. An applicant may not submit for a temporary bail bondsman license without having completed both of these tasks.
Once you have completed these requirements, you must acquire internship or employment within a company that is already licensed to act as a bail bond agency or with a bond insurance company. This employer will eventually be asked to submit an attested affidavit to your integrity and moral character. The affidavit must be attached to the application for a temporary bail bond license, along with similar recommendations from three solid-standing U.S. citizens. After you have taken action to complete these steps, you will be ready to take the final exam. Be sure to confirm that you are eligible for the test which you have hopefully been studying for all along, and request your exam schedule from the Department of Financial Service. If you meet the exam requirements upon completion, you will officially be appointed, by state authority, as a licensed bondsman.
The profession may not be an especially coveted one, but it is undeniably profitable. No one, no matter their crime or financial means, wants to sit in a jail cell for any longer than is necessary. More often than not, those who have been arrested are willing to pay the bondsman a small fee for their freedom between the day they are arrested and the day they are scheduled to make a court appearance. Often people have no choice but to call a bondsman and they likely have family or work duties that must be attended to and which will not wait until they are freed by the courts.
Author Bio: Stewart Wrighter has a son in law school who works closely with a bail bond Las Vegas firm as part of his training. He was very impressed with the professionalism at a bail bonds Las Vegas firm.
Category: Legal
Keywords: bail bond Las Vegas,bail bonds Las Vegas