Exam (elaborations)
Bail bonds test questions with correct answers 2024/2025
- Course
- Institution
Bail bonds test questions with correct answers 2024/2025
[Show more]
Seller
Follow
Content preview
Bail bonds testPresenting any information to the public that is false or untrue, deceptive or misleading is: -
ANSA - Unfair Trade Practice
B - Misrepresentation and false advertising
To meet requirements, those who apply for a Surety bail License must: - ANSMust submit to a
written examination.
An Insurance license is considered inactive when the fees are paid but: - ANSLicense is null
and void
Which statement is true of Build-Up Funds? - ANSThe fund shall not exceed forty percent of the
premium.
A Surety Bail Bond Agent cannot deliver and execute a bond for how many days after the
license is initially issued? - ANS180 days
An Insurance license is considered inactive when the fees are paid but: - ANSLicense is null
and void
A non-admitted insurer is a/an - ANSA - Domestic Insurer
B - Alien Insurer
C - Foreign Insurer
The Director of the Department of Insurance has the following duties except - ANSSetting
insurance rates
A Surety Bail Bond Agent has how many days to report to the Department of Insurance any
convictions or crimes other than minor traffic offenses? - ANS30 days
How much continuing education must a Surety Bail Agent complete? - ANS7 hours every year
Engaging in any fraudulent or dishonest or coercive practice in connection with the business of
Insurance is a crime in the State of Ohio, if this crime crosses state lines, where will the parties
be
prosecuted? - ANSFederal court
If the Director of Insurance finds an agent guilty of Unfair Trade Practices, he may - ANSA -
Order the insurer, agent, or agency to pay expenses incurred by the Director for the
investigation.
B - Order the person or company to cease and desist
, C - Suspend or revoke their license
What are the requirements for a person to apply for a Surety Bail license? - ANSBe a person of
high character and integrity.
Who is responsible to show proof that the continuing education has been completed? - ANSThe
Individual Licensee
To transact surety business in the State of Ohio, the Ohio Department of Insurance must issue -
ANSCertificate of authority
Which persons are prohibited from executing bail bonds? - ANSA - Employees of detention
centers.
B - Court employees.
Surety Bail Bond Agents shall maintain all record of Surety Bonds executed or countersigned by
the
agent for: - ANSThree years
If a Surety Bail Bond Agent countersigns a Surety Bail Bond and sent an office secretary to go
to the court house or jail to post a bond, this is: - ANSNot allowed
Timely manner to fulfill a refund obligation is - ANS30 days
Offering to divide and commission from the business of Surety Bail Bonds is called -
ANSRebating
When may the Director of the Ohio Department of Insurance make an examination of the
financial
conditions of a domestic insurance company transacting business within the State of Ohio? -
ANSWhenever they deem necessary
The surrender by one state or country to another of an individual accused of a crime is called: -
ANSExtradition
The detaining of a person by virtue of lawful process or authority is called: - ANSCustody
formal written accusation originating with the prosecutor and issued by a grand jury against a
party charged with a crime is called: - ANSIndictment
Which of the following statements is false? - ANSThe surety bail bond agent can collect interest
on collateral for his own benefits.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller QualityPDF. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76800 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now