Bail Exam Questions and Answers | Verified & Updated| 100% Correct
Insurance code 791. The purpose of the information and privacy protection act is to
establish standards for the collection, use and disclosure of personal information gathered in connection with insurance transactions by insurance...
Bail Exam Questions and Answers | Verified &
Updated| 100% Correct
Insurance code 791. The purpose of the information and privacy protection act is to
establish standards for the collection, use and disclosure of personal information gathered in
connection with insurance transactions by insurance institutions, agents or insurance support
organizations.
What is a surety? And does the IPA apply to sureties?
A surety is someone or something that promises to be responsible for another.
A surety is a property and casualty insurance company or corporation that files with the California
Department of Insurance to transact bail in California.
True or False? The IPA applies to the transaction of bail by sureties, because bail is a private civil
contract.
True.
Does the IPA apply to everyone or just natural persons who are a resident of California?
The IPA applie to natural persons who reside in California.
Does the IPA apply to independant bounty hunters or employed bounty hunters?
The IPA applies only to "insurance support organizations" within the state that provide services to a
property and casualty insurance surety.
The IPA is meant to protect "individual" natural person's personal information in relation to an
insurance transaction within the state from everyone and everything except
Insurance organizations investigating false claims, insurance organizations that are determining a a
natural person's eligibility for coverage, licensed medical care institutions and medical professionals,
law enforcement personnel investigating crimes, California Department of Insurance personnel or its
agents, and bounty hunters making or attempting to arrest bail jumpers.
Pretext interviews shall not be done or authorized to be done in relation to those licensed under
insurance code section 1800 except
for the purpose of investigating criminal activity, fraud, material misrepresentation, and/or a material
non-disclosure in connection with a claim on a reasonable basis.
True or False? The licensing period for bail agents is 2 years.
True.
True or False? Transacting bail without a license is not illegal.
False. It is a misdemeanor with a fine of up to 50,000 dollars or up to a year in jail, or that of fine and
imprisonment.
If an applicant makes a showing satisfactory to the commissioner by
Filing supplementary documents, filing affidavits, filing statements and meeting all prerequisites, a
certificate of convenience may be issued and all may result in a permanent license.
, True or False? Producing your social security number or FEIN for partnerships is required and not
doing so shall be reported to the franchise tax board.
True
The Insurance Commissioner shall provide the Franchise Tax Board Licensee information by
July 1st, 1987
True or False. You may have a right to a hearing if your application is denied.
True
The Commissioner may deny an application for any license if
You are not properly qualified to perform the duties of a person holding the license applied for.
The granting of the License would be against public interest.
The applicant is not of good business reputation.
The applicant is lacking in integrity.
The applicant does not intend in good faith to carry on the transactions which would be permitted by
the issuance of the license applied for.
The applicant has been refused a professional, occupational or vocational license.
The Commissioner may deny an applicant if that person
Knowingly or willfully makes a misstatement in his or her application for a license or has a history of
dishonest business practices or fraud.
A person's application may be denied if the person
Has been convicted of a felony, or has aided or abetted any person in obtaining a license that would
otherwise have been denied.
True or False?A judgement, plea or verdict of guilty or conviction following a plea of nolo contendre
are each considered a conviction
True.
Inducing a client to co-sign, make a loan, investment, future right of survivorship, trust, or any other
domestic partner benefit or trust or otherwise makes financial gain shall
constitute a cause to suspend or revoke any permanent license issued. However, if the licensee is also
licensed as an attorney in any state, the licensee may be made a trustee provided that he/she is not a
seller of insurance to the trustor of the trust.
The commissioner may deny an application or suspend or revoke a pending license or issued license
of any organization and controlling person that
shows incompetence or untrustworthiness, does a wrongful act during the course of business,
misrepresents the terms or effect of a policy or contract, or has a criminal history.
An application for any license shall be automatically denied if it is not granted within
1 year.
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