Attorneys have always trusted that when they go to their bail agent they would get a straight answer regarding pricing on bail bonds. What they won’t tell you is that it is not legal to write a bond for less than their surety companies filed rates. Most bond companies are with sureties that have an 8% filed rate. Some are still with surety companies that have 10% filed rates. Either way prop 103 allows insurance agents (bail bondsman) to rebate their commisions. This can result in a bond that the net is less than 8%. If this information is circulated to much it will effect the overall pricing of bail bonds. Price fixing?
Chad the Bail Guy
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