Any premium paid by the defendant to the bondsman from the original charge shall be credited to the defendant if the same bondsman posts their appearance bond on the added or amended charge. True or False?

Prepare for the Oklahoma Bonding Association Examination with an array of study aids. Utilize flashcards and multiple-choice questions complete with hints and explanations to ensure you achieve success. Gear up for your exam today!

Multiple Choice

Any premium paid by the defendant to the bondsman from the original charge shall be credited to the defendant if the same bondsman posts their appearance bond on the added or amended charge. True or False?

Explanation:
Premiums paid to a bondsman are the fee for guaranteeing the defendant’s appearance. When the same bondsman posts an appearance bond on an added or amended charge, the earlier premium is credited against the new premium because the bondsman has already undertaken the risk and service for that client under the same contractual relationship. In other words, you’re not paying a full new premium for the amended charge; the prior premium is applied toward the additional bond. This credit applies only if the same bondsman handles both bonds; it wouldn’t apply if a different bondsman posts the amended bond.

Premiums paid to a bondsman are the fee for guaranteeing the defendant’s appearance. When the same bondsman posts an appearance bond on an added or amended charge, the earlier premium is credited against the new premium because the bondsman has already undertaken the risk and service for that client under the same contractual relationship. In other words, you’re not paying a full new premium for the amended charge; the prior premium is applied toward the additional bond. This credit applies only if the same bondsman handles both bonds; it wouldn’t apply if a different bondsman posts the amended bond.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy