CA Bail Agent Licensing Practice Test questions with correct answers

Transact as applied to insurance includes CORRECT ANSWER-Solicitation, Negotiations preliminary to execution, execution of a contract of insurance, Transaction of matters subsequent to execution of the contract. 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. CORRECT ANSWER-True The Commissioner shall begin providing information to the Franchise Tax board CORRECT ANSWER-July 1,1987 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. CORRECT ANSWER-True The Commissioner may deny an application for any license if: CORRECT 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. How are fiduciary funds kept? CORRECT ANSWER-In an account separate from a bail agents' personal assets. In a savings account. In a non-interest bearing account . A bail solicitor may CORRECT ANSWER-only conduct business under the name of his/her employer