State of Utah Eliminating Financing of Bail Bonds?
In 2010 the Utah Department of Insurance added language to Rule 590-164-4 to require all bail bond companies to charge customers a minimum of 10% on the total amount of the bail. Prior to this change the law limited bail bond companies to no more than 20%. While this law appeared to “even the playing field” for the bail bond companies it actually hinders the free market system by imposing strict guidelines on how bail bond companies operate.
