CA Bail Agent Licensing Practice Test Questions
and Answers 100% Verified
Question:
Transact as applied to insurance includes
Answer:
Solicitation, Negotiations preliminary to execution, execution of a contract of insurance,
Transaction of matters subsequent to execution of the contract.
Question:
True of False? Any person who transacts insurance without a valid license is gulity of a
misdemeanor punishable by a fine not exceeding fifty thousand dollars.
Answer:
True
Question:
The Commissioner shall begin providing information to the Franchise Tax board
Answer:
July 1,1987
Question:
True or False: Except as provided in Section 1669,a license shall not be denied without an
opportunity to the applicant to be heard in support of his application.
Answer:
True
, Question:
The Commissioner may deny an application for any license if:
Answer:
An applicant is not properly qualified to perform the duties of a person holding the license
applied for. The granting of the license will be against public interest. The applicant is not
of good business reputation. The applicant is lacking in integrity.
Question:
How are fiduciary funds kept?
Answer:
In an account separate from a bail agents' personal assets. In a savings account. In a
non-interest bearing account .
Question:
A bail solicitor may
Answer:
only conduct business under the name of his/her employer
Question:
Any person who transact insurance without a valid license is guilty of a
Answer:
Misdemeanor punishable by a fine not exceeding $50000
and Answers 100% Verified
Question:
Transact as applied to insurance includes
Answer:
Solicitation, Negotiations preliminary to execution, execution of a contract of insurance,
Transaction of matters subsequent to execution of the contract.
Question:
True of False? Any person who transacts insurance without a valid license is gulity of a
misdemeanor punishable by a fine not exceeding fifty thousand dollars.
Answer:
True
Question:
The Commissioner shall begin providing information to the Franchise Tax board
Answer:
July 1,1987
Question:
True or False: Except as provided in Section 1669,a license shall not be denied without an
opportunity to the applicant to be heard in support of his application.
Answer:
True
, Question:
The Commissioner may deny an application for any license if:
Answer:
An applicant is not properly qualified to perform the duties of a person holding the license
applied for. The granting of the license will be against public interest. The applicant is not
of good business reputation. The applicant is lacking in integrity.
Question:
How are fiduciary funds kept?
Answer:
In an account separate from a bail agents' personal assets. In a savings account. In a
non-interest bearing account .
Question:
A bail solicitor may
Answer:
only conduct business under the name of his/her employer
Question:
Any person who transact insurance without a valid license is guilty of a
Answer:
Misdemeanor punishable by a fine not exceeding $50000
