It is surprising to many people that commercial bail agencies are a part of the state insurance industry. Bail agents and companies are regulated by the State Department of Insurance similar to home, auto and health insurers. They must follow regulations set by the Department and be licensed just as any other insurance agent. This is because a bail bond is, in actuality, a type of insurance policy.
A bail bond is an insurance policy that is taken out by a defendant and his family or friend that makes a guarantee to the court that the defendant will reappear in …

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