Bail bonds Latest Upload Mid Term Exam 2026

Bail bonds Latest Upload Mid Term Exam 2026 Presenting any information to the public that is false or untrue, deceptive or misleading is - - A - Unfair Trade Practice B - Misrepresentation and false advertising To meet requirements, those who apply for a Surety bail License must: - -Must submit to a written examination. An Insurance license is considered inactive when the fees are paid but: - -License is null and void Which statement is true of Build-Up Funds? - -The 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? - -180 days An Insurance license is considered inactive when the fees are paid but: - -License is null and void A non-admitted insurer is a/an - -A - Domestic Insurer B - Alien Insurer C - Foreign Insurer The Director of the Department of Insurance has the following duties except - -Setting 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? - -30 days How much continuing education must a Surety Bail Agent complete? - -7 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? - -Federal court BAIL BONDSMAN BAIL BONDSMAN If the Director of Insurance finds an agent guilty of Unfair Trade Practices, he may - -A - 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? - -Be a person of high character and integrity. Who is responsible to show proof that the continuing education has been completed? - The Individual Licensee To transact surety business in the State of Ohio, the Ohio Department of Insurance must issue - -Certificate of authority Which persons are prohibited from executing bail bonds? - -A - 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: - -Three 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: - -Not allowed Timely manner to fulfill a refund obligation is - -30 days Offering to divide and commission from the business of Surety Bail Bonds is called - Rebating 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? - -Whenever they deem necessary The surrender by one state or country to another of an individual accused of a crime is called: - -Extradition The detaining of a person by virtue of lawful process or authority is called: - -Custody Formal written accusation originating with the prosecutor and issued by a grand jury against a party charged with a crime is called: - -Indictment Which of the following statements is false? - -The surety bail bond agent can collect interest on collateral for his own benefits. BAIL BONDSMAN BAIL BONDSMAN The power of the court to take cases from particular geographical are and limits the boundaries is what jurisdiction? - -Limited The power that the public assumes the agent to have is? - -Apparent An order issued from a court requiring the performance of a specific act, giving authority to have it done is called. - -Writ How long shall a Surety Bail Bond Agent maintain his records? - -Three years after the bond is over The intentional misrepresentation, deceit, or concealment of a material fact know to a person with intentions of causing injury to the other party is called: - -Fraud A verbal agreement that sets the conditions of the agreement are: - -Informal When the applicant applies for a Surety Bail Bond by completing the application, this is considered - -Offer What are three types of authority that a Surety Bail Bond Agent has? - -Express, implied and apparent Where does a Build-Up fund have to be deposited? - -In a federally insured bank or savings and loan. When a judge releases a defendant after the defendant promises to re - -Recognizance What may a Surety Bail Bond Agent not do? - -A - Wear a shirt or jacket with his company logo to the jail B - Act as an attorney for his bond client C - Tell a bond client which attorney to use Where does a Surety Bail Bond Agent have to register in order to execute surety bail bonds in a county? - -C - With the Clerk of Court D - With the Clerk of Court of the Common Pleas Court Which of the following are unfair trade practices: - -A - Charging fees based on sex religion, creed, or national origin. B - Giving a defendant a rebate if you bond him out. C - Telling potential clients that a competitor charges higher premium (rates) to bond out. How much notice does the surety bail bond agent have to give the principal and the co signers in order to convert the collateral deposit into cash? - -Ten days BAIL BONDSMAN BAIL BONDSMAN What actions is not prohibited for Surety Bail Bond Agents - -Placing an advertisement in the telephone book Who cannot arrest a Fugitive Bond Jumper in this state when the bond was written in another state? - -A private investigator licensed in this state Acceptable forms of collateral are: - -A - Cash B - Real property C - Promissory note D - Indemnity agreement Which statement is true about property bonds? - -The defendant can only post his own property with the court Who is always the obligee on a bail bond in the State Court? - -State of Ohio Which statements are not true? - -You can forfeit the bond amount on a felony with no other consequences Who gets the interest earned on cash collateral? - -The Surety Bail Bond Ag