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Exam (elaborations)

Bail Bond Test (Florida) Exam Bundle with Latest Update

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  • Course
  • Florida Bail bond
  • Institution
  • Florida Bail Bond

Which two chapters of the Florida Statutes govern bail and Bail Bond Agents? - Answer-648 and 903 What department is under the supervision of the Chief Financial Officer? - Answer-Department of Financial Services What effect do the rules of the Florida Administrative Code have on Bail Bond Ag...

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  • August 31, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Florida Bail bond
  • Florida Bail bond
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lectknancy
Bail Bond Test (Florida) Exam Bundle
with Latest Update
Which two chapters of the Florida Statutes govern bail and Bail Bond Agents? - Answer-648
and 903


What department is under the supervision of the Chief Financial Officer? - Answer-Department
of Financial Services


What effect do the rules of the Florida Administrative Code have on Bail Bond Agents? -
Answer-They are statutory and must be adhered to in the same manner.


Name the criminal defendant's bonds. - Answer-Bail, Appeal, Supersedeas, Habeas Corpus,
Extradition, Civil Contempt, Ne Exeat


What does the law require of an applicant for bail bond license regarding:
a. Age?
b. Residence?
c. Education?
d. Licensing procedure? - Answer-(a) 18(b) Bona fide resident of the state of Florida(c) GED,
120 hr course and 30hr correspondence course(d) Courses must be complete, application fee,
exam fee, take and pass exam with 70% and the License ID fee.


A limited surety agent attaches a power of attorney to each bond. What does this instrument
pledge as security? - Answer-It pledges the assets of the company as security.


Appellant - Answer-a person who files an appeal


Surety - Answer-Third party agreeing to be primarily liable for debt in case of default by the
principal debtor. One who guarantees the obligation of another


List the five elements of fraud. - Answer-1. False Statement

, 2. Person making the statement must know it's false or untrue
3. Intentional towards other party
4. Other party must believe it is true
5. Other party is damaged


General Agent - Answer-Person appointed by a surety company to supervise agents


Valid - Answer-Enforceable by either party


Voidable Contract - Answer-Unenforceable by either party


Distinguish between actual authority and apparent authority. - Answer-Actual authority is just
that. The authority that the agent is actually given. Apparent is what the public may believe the
agent has.


List the five essential elements of a valid contract. - Answer-1. Agreement
2. Offer and Acceptance
3. Consideration
4. Competent parties
5. Legality of object


With what officials must a Bail Bond Agent register? How often must he or she register? -
Answer-Must register with the county and the sheriff they reside in and any counties they wish
to write bail. On or before April 1 of every odd numbered year


What bail bond records must a Bail Bond Agent keep? For how long? - Answer-Daily Bond
Register, individual records or files of defendants, records of all premiums paid to insurance
company to ensure payment of premium due them. They are kept for 3 years


How much of your premium collected goes towards your BUFF or Build Up Account? - Answer-
40%

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