Surety bonds are basically an insurance policy. Cash bails are a form of "property bails," this area of posting cash is highly regulated and there are many pitfalls one can fall accidentally into. Most bail bondsman use other persons or companies cash to fund their bails. Often, a bondsman will not mention this fact when you seek a cash bail.
(1) "Bail agent" or "bail producer"
means a surety bail agent or a property bail agent. The term "bail
agent" does not include the term "bail enforcement agent" as the
same is used in Chapter 55 of Title 24. A surety bail agent may also act as a
property bail agent, provided the surety bail agent complies with all
provisions of this subchapter applicable to property bail agents.
(2) "Designated bail agent" or "designated
responsible licensed producer" means the licensed bail agent who is the
head or manager of a bail agent business entity that employs 1 or more licensed
bail agents.
(3) "Property
bail agent" means any person who pledges property bail as security or
surety for a bail bond in connection with a judicial proceeding and receives or
is promised therefor money or other things of value. Any person who charges a
fee for or makes a business of furnishing property bail in any court
proceeding, or who furnishes property bail in 4 or more court cases in any 1
year whether for compensation or otherwise, shall be deemed a property bail
agent and shall be subject to the provisions of this subchapter.
(4) "Surety bail agent" means a person required to
be licensed under the laws of this State to sell, solicit or negotiate
contracts of surety bail bond insurance and appointed by a surety insurer that
is authorized to transact business in this State to sell, solicit or negotiate
contracts of surety bail bond insurance.
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