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