Bail Bond FAQs
Do I get the 10% fee back?
No bondsman ever refunds the 10% fee. This non-refundable fee, or “premium” is how a bondsman makes money and pays for the bail bond. Without charging this premium a bondsman would be working for free.
How do I post cash bail? Does it require a bondsman?
Cash bail is when the FULL amount of the bail is posted at the Sheriff’s office, HPD, or OCCC. For example, if a client’s bail is at $50,000, then that full amount can be given to the State of Hawaii to guaranty the appearance of a defendant.
You do not need a bondman to post cash bail.
Have more questions?
Licence Bond FAQs
Are surety bonds a new thing?
Actually, surety bonds have been around since the late 1800’s. Today they are considered a form of consumer protection.
Why do I need a license or surety bond?
Some bonds are required by law; others may be required by clients. You can enhance your business by providing a bond as it is an endorsement for your business. Bonds may also be required by your insurance company.
What does a license bond tell others?
License bonds guarantee a person or business will obey all required state laws and regulations related to the type of license. This may be required before a license is granted by the state.
What is the difference between insurance and a surety bond?
When an individual pays an insurance premium, the risk is transferred to the insurance company. When someone purchases a surety bond, the cost is like a service charge to use the financial backing of the surety company. The purchaser keeps the risk and the protection goes to the one the purchaser is obligated to (obligee).
Who are the parties in a surety bond contract?
The principal is the primary party who will perform the contracted obligation.
The obligee is the recipient of the performed obligation.
The surety ensures the principal will perform his obligations for the obligee.