CA Bail Agent Licensing Practice Test Exam
Questions and Answers 100% Pass
Transact as applied to insurance includes - ANS 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. - ANS True
The Commissioner shall begin providing information to the Franchise Tax board - ANS 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. - ANS True
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The Commissioner may deny an application for any license if: - ANS 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? - ANS In an account separate from a bail agents' personal
assets. In a savings account. In a non-interest bearing account .
A bail solicitor may - ANS only conduct business under the name of his/her employer
Any person who transact insurance without a valid license is guilty of a - ANS Misdemeanor
punishable by a fine not exceeding $50000
As used in the ins. regs. bail or transactions of bail includes - ANS a bail bond release by
means of depositing cash or property and in lieu of giving bail , an undertaking of bail
Within ____ after an order, the subject person may file with the commissioner an application of
hearing - ANS 30 Days
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