![]() Both agent and Surety are bound by strict regulations governed by the Arizona Department of Insurance. The Arizona bail bond company is also licensed to operate in the state, but operates as agent for the Surety. Surety companies are licensed and regulated in each state where they operate. This is why we make sure to conduct due diligence into each case prior to issuing our bail bonds.Ī bail bond Phoenix company acts as agent for an insurance company, also known as a Surety. If the bond was posted in cash, the cash will be retained, if the bond was posted by paper, the Court will make a demand to the Surety to pay the bond’s value in cash. If a defendant fails to appear for his/her hearing the Court may order the bond forfeited. Surety bonds are paper promises, they are like I.O.U.s. Bonds can always be paid in cash however, bail bond Phoenix companies post Surety bonds. If the defendant fails to appear, the cash value of the bond would be paid to the Court. What happens if the Defendant doesn’t go to Court?Ī bail Bond in Phoenix, or any other part of the country, is simply a financial guarantee (promise) made to the Court, guaranteeing the appearance of the defendant to each and every one of his hearings.What are the advantages of using a Bail Bond Company in Phoenix?.#1 Choice for Phoenix Bail Bonds The Bail Bond Process Bail Bonds Process Arizona Bail Bonds FREQUENTLY ASKED QUESTIONS
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