Individuals accused of a crime have enough to deal with. They don’t want to worry about which bail bonds agents in Stamford CT are legitimate and which are to be avoided. Fortunately, the Connecticut Insurance Department (CID) closely regulates this industry and mandates bail bonds agents maintain detailed records, provide monthly reports and offer premium financing along with collateral security. Furthermore, every agent is required to pay a yearly bail bond assessment fee to provide the funds needed for the CID to conduct extensive audits.
Steps That Must Be Taken
First and foremost, any person who wishes to serve as a bail bondsman in the state must meet the qualifications outlined by the state. Once this requirement has been met, the individual takes part in educational and training requirements and any course must be approved by the state. Upon successful completion of the educational requirements, the applicant sits for the state licensing exam. When a passing grade has been obtained, he or she may then apply for a license and seek employment in the field.
Why the Strict Requirements?
In the past, the bail bond industry earned a bad reputation and for a good reason. For example, a federal investigation back in 2008 found a prominent company was charging defendants less than required. They were doing so to attract more clients, as a defendant would be able to pay only two or three percent of the bail amount as opposed to the ten percent required by state law. Also, some companies were paying local police to refer clients to them, also not permitted in the industry.
To ensure the safety of the public is protected at all times, the state opted to implement these requirements and strictly enforce them. However, there are still disreputable players in the industry and everyone needs to be aware of them. While the state continues to look for ways to protect innocent citizens until these measures are identified and implemented people need to ensure they only use reputable Bail Bonds Agents in Stamford CT. This ensures people have access to this service when they need it most. Business Name. is one such agency. Contact the agency today to obtain the help you need.
