Being a bail bond agent is a demanding job. It requires you to think on your feet, extend yourself to the fullest to serve your clients and requires you to have a deep understanding of the law. The path to becoming a qualified bail bondsman is not easy and requires intense commitment.
Although there is no academic qualification that could make you a bail bond agent, there are still some tests and applications you have to go through before you can get a license. Below are given the requirements of getting your bondsman license:
1. Eligibility Criteria
In order for you to qualify as a bail bond agent, you need to have fulfilled a few requirements. In order for you to practice as a bail bondsmen, you need to have the following qualifications:
- You must be a minimum of 18 years old
- Hold at least a high school diploma
- Complete the coursework to become a bail bonds agent.
- Pass the state license exam
- Present proof of financial resources to fulfill surety obligations
- Sponsorship from a surety company
2. Educational Requirements
The minimum academic qualification for becoming bondsman is that of a high school graduate. You will not be allowed to sit for the tests or apply if you don’t at least have a high school diploma.
Despite this, many people who apply for a license have degrees in fields like law, finance, economics and business. Each of these fields of study has a thorough application in the bail bonds industry.
3. Passing the State Licensing Exams
The state licensing exam is usually a comprehensive 60 MCQ exam that you need to clear in order to qualify for bondsman license. The exams are conducted based on the coursework you’ll need to go through before you can take the test.
4. Apply For a License
Once you’ve cleared your test, you can apply for a license to become a registered bail bond agent. You will be required to submit the following documents as part of your application:
- Application forms found on the department of insurance website.
- Submit licensing fees.
- Test Scores of the licensing test.
- Documentation of a surety company sponsorship.
- Bond for an amount mandated by the state.
Once you submit the relevant documents and your license has been issued, you’ll be given your license that is valid for one to three years.
5. Begin Practicing
Once you’ve received your license, there’s nothing left but to begin practicing. With all the licensing in with you, you can choose to start your own bail bonds company or work with one.
DeLaughter Bail Bonds has been serving the community of Indiana with expert bail bonds services for the past two decades. We offer 24 hour surety and transfer bond services to our clients, for any charges brought against them. Get in touch with us today to hire us as you bail bond agents or for more information about our bonds services in Allen County, Miami County, Whitley County and many other areas in Indiana.