Regulations
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The authority given to Arizona's Department of Insurance allows it to regulate rates for each agent in the state. For standard underwriting purposes, agents may require 10 percent of the bail. Approved surety agencies can write bonds at 8 percent under certain conditions.
Licensing
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The responsibility of this state department extends to reviewing and processing all licenses and renewals for qualified bond agents. Publishing of a roster of all licensees on the state website is another agency responsibility. Surrendering a license is also coordinated with the Department of Insurance.
Annual Mandate
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Bail bond agents must report to the Department of Insurance on an annual basis. Documentation listing all the bail recovery agents and contract individuals they employ, along with names, contact information, a photo and date of birth is due April 1 of each year.
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