What is the premium paid for all bail bonds in Virginia?

A - Bail bond premiums schedule in the state oif Virginia is 10%. Q - What is bail A - The term bail is used in several different ways: (1) it may mean the security-cash or bond-given for the appearance of the prisoner. (2) it may mean the bondsman (i.e the person who acts as the surety for the defendant's appearance, and into whose custody the defendant is realeased). (3) as a verb, it may refer to the relase of the defendant (he was bailed out). The first meaning is the most common and should be employed for clarity. Bail is evidenced by a bond or recognizance, which ordinarily becomes a record of the court. The bond is in the nature of a contract between the state on one side and the defendant and his sureties on the other. The agreement basically is that the state will release the defendant from custody the sureties will undertake that the defendant will appear at a specified time and place to answer the charge made against him. If the defendant fails to appear, the sureties ...  more