ANSWERS MARKED A+
✔✔A bail bondsman found to violate a cease and desist order willingly may be fined in
the amount of ______per day.
A) $75
B) $50
C) $100
D) $150 - ✔✔$100
✔✔TRUE OR FALSE: A bondsman must first register their license, qualifying power of
attorney, and $150 fee in the county before they may register their license in any other
county. - ✔✔True
✔✔TRUE OF FALSE: All bail bond licenses expire annually in July 1st respectively. -
✔✔False
✔✔Professional bondsman must submit a report to all clerk of courts they conduct
business in by the_____of each month detailing all bonds they are liable for.
A) 30th
B) 1st
C) 10th
D) 15th - ✔✔15th
✔✔TRUE OF FALSE: A bail bondsman may NOT refer a particular attorney. - ✔✔TRUE
✔✔Which of the following is not a primary goal of the SC Department of Insurance?
A) Protect consumers
B) Underwrite Bail Bonds
C) promote a competitive insurance marketplace
D) Ensure the financial stability of insurance companies operating in the state -
✔✔Underwrite Bail bonds
✔✔A Bail Bondsman found to violate a cease and desist order unwillingly may be fined
in the amount of _____ per day.
A) $75
B) $50
C) $100
D) $150 - ✔✔$50
,✔✔TRUE OR FALSE: The South Carolina Department of Insurance does not hold the
authority to audit bail bondsman. - ✔✔FALSE
✔✔An applicant seeking licensure as a bail bondsman in SC may apply for such a
license how many times after denial?
A) 0
B) 1
C) 5
D) unlimited - ✔✔Unlimited
✔✔_____is the annual registration fee for a bail bondsman in their home county.
A) $200
B) $100
C) $400
D) $150 - ✔✔$150
✔✔How does the Director of insurance obtain their position?
A) Hired by the state
B) Elected
C) Appointed by the Governor
D) Referred by county council - ✔✔Appointed by Governor
✔✔TRUE OR FALSE: A professional bondsman may use real property as its tax
appraised value to increase the security pledge to the circuit clerk of court. - ✔✔TRUE
✔✔The SC Department of Insurance shall conduct an audit on all insurers doing
business in this state at lease once every______ years
A) 5
B) 2
C) 10
D) 7 - ✔✔5
✔✔A professional bondsman must maintain a minimum of _____ cash or certificates of
deposit pledged to the clerk of court in order to conduct business.
A) $5K
B) $25K
C) $40K
D) $10K - ✔✔$10k
, ✔✔A professional bondsman must place security with?
A) Home county circuit clerk of court
B) Clerk of court in all counties for which they do business
C) Home county sheriff
D) Home county solicitor - ✔✔Home county circuit clerk of court
✔✔A bail bondsman must notify the SC Department of Insurance within 30days if which
of the following is to change?
A) Drivers License
B) Passport
C) Email address
D) Voter Registration - ✔✔Email Address
✔✔Which of the following bondsman types does not need a license?
A) Surety Bondsman
B) Accomdation Bondsman
C) Professional Bondsman
D) Runner - ✔✔Accomodation
✔✔TRUE OR FALSE: All producers shall make and keep a full and correct record of the
business done by them, showing the number, date, term, amount insured, premiums,
and the person to who issued of every policy or certificate of renewal - ✔✔TRUE
✔✔TRUE OR FALSE: A convicted felon may never gain a bail bond license in SC -
✔✔FALSE
✔✔At its most basic level, the SC Department if insurance is formed to the protect the
_____.
A) Consumer
B) State
C) Bail Bondsman
D) Courts - ✔✔Consumer
✔✔How many hours of continuing education must a licensed bail bondsman complete
annually?
A) 24
B) 8
C) 3
D) 12 - ✔✔8