Bail bonds Test Questions with Correct Answers

Bail bonds Test Questions with Correct Answers Presenting any information to the public that is false or untrue, deceptive or misleading is: - Answer-A - Unfair Trade Practice B - Misrepresentation and false advertising To meet requirements, those who apply for a Surety bail License must: - Answer-Must submit to a written examination. An Insurance license is considered inactive when the fees are paid but: - Answer-License is null and void Which statement is true of Build-Up Funds? - Answer-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? - Answer-180 days An Insurance license is considered inactive when the fees are paid but: - Answer-License is null and void A non-admitted insurer is a/an - Answer-A - Domestic Insurer B - Alien Insurer C - Foreign Insurer The Director of the Department of Insurance has the following duties except - Answer-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? - Answer-30 days How much continuing education must a Surety Bail Agent complete? - Answer-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? - Answer-Federal court If the Director of Insurance finds an agent guilty of Unfair Trade Practices, he may - Answer-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? - Answer-Be a person of high character and integrity. Who is responsible to show proof that the continuing education has been completed? - Answer-The Individual Licensee To transact surety business in the State of Ohio, the Ohio Department of Insurance must issue - Answer-Certificate of authority Which persons are prohibited from executing bail bonds? - Answer-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: - Answer-Three years