What is a "Premium"?

The "Premium" is the amount of money required by law to secure a surety or property bond. This amount varies, depending on the severity of the charges. The number of charges or bonds to be written, the amounts of the bonds for each charge, the amount of risk, and whether the bond is a municipal or state bond, all play roles in determining the premium amount. The "Premium" is non-refundable, and cannot be applied to court fees or fines.