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How to Become a Bail Bondsman in Colorado

A career as a bail bondsman can be very profitable, yet a precarious business. Colorado is one of the states that allow arrested individuals to post bail. A bail bondsman, also known as a bail bonds agent, loan bail money to arrested persons in exchange for a certain percentage of the bail amount.

The bail money offered to the defendant allows them to stay out of jail and in return, the bondsman gets a certain percentage of the money as remuneration for the services rendered. Read on to learn about how to become a bail bondsman in Colorado.

bail bonds

The following are the steps to becoming a bail bondsman in Colorado:

Step 1: Become a Licensed Insurance Provider

If you want to become a licensed bail bondsman in the state of Colorado, you will be required to have a license as an insurance provider. A licensed insurance provider can provide sureties and legally sell insurance. The Colorado insurance commissioner will provide you with all the details you need to apply for this license. Also, you can find information about how to get the license online.

Step 2: Must Reside In Colorado

You must be at least 18 years old and residing in Colorado. If you do not live in Colorado, the business must be registered under a different person’s name and that person must reside here.

Step 3: Reputable Brand             

You will only become a licensed bail bondsman in Colorado if you operate a highly reputable brand and can prove that you are fully responsible. You must provide relevant documents in this regard. This is because as a bail bondsman, you will be managing lots of money.

Step 4: Complete Pre-Licensing Training

You must pass the bail bondsman exam and complete the pre-license training.

Step 5: Provide Fingerprints and Picture

Once you fill your application to become a bail bonds agent, you will be required to provide fingerprints and your picture. Keep in mind that you will be required to pay the registration fee to become a licensed bail bondsman.  One can work as an independent professional bondsman or can partner with an insurance entity as a surety bondsman.

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