ANSWERS MARKED A+
✔✔What are two offenses for which the Commissioner shall deny an application or
revoke a license? - ✔✔Conviction of a felony
Conviction of a misdemeanor drug offense
✔✔If your application is denied or you fail the exam, how long must you wait before
reapplying or re-testing? - ✔✔One year
✔✔Bail Bond is divided into two parts. What does 'bail' and 'bond' mean? - ✔✔Bail is
the security (monetary amount) required for release
Bond is the obligation assumed by the one who posts bail
✔✔What is the purpose of a bail bond? - ✔✔To assure the appearance of the
defendant in court
✔✔What are the consequences of a bail bond? - ✔✔Forfeiture of bail
Order for arrest (OFA)
✔✔What is the definition of an accommodation bondsman? - ✔✔A Person Who:
Shall not charge a fee (money) for posting a bond
Shall not receive any consideration (money or anything of value) to keep for personal
use as a condition of posting a bond
Must show proof that property will cover the amount of the bond
May require collateral
Is not licensed
✔✔In what ways can an accommodation bondsman post bonds? - ✔✔Cash or Property
✔✔What is the definition of a bail bond? - ✔✔An undertaking by the principal to appear
in court upon penalty of forfeiting bail
✔✔What are the types of bail bond listed under the bail bond definition? -
✔✔Unsecured
,Premium Secured
Cash Deposit
Mortgage
✔✔What can a bail bond be used for other than the release of a person from jail? -
✔✔Release of a motor vehicle from impoundment
✔✔What is the definition of a bail bondsman? - ✔✔Surety Bondsman
Professional Bondsman
Accommodation Bondsman
✔✔What is the definition of Commissioner? - ✔✔The North Carolina Commissioner of
Insurance
✔✔What is the definition of a first year licensee? - ✔✔Any person licensed as a
bondsman or runner for a period of less than 12 months
✔✔What is the definition of insurer? - ✔✔Any domestic, foreign, or alien surety
company qualified generally to transact surety business and specifically to transact bail
bond business in this State
✔✔What is the definition of an obligor? - ✔✔A principal or surety on a bond
✔✔What is the definition of a principal? - ✔✔A defendant or witness obligated to appear
in court upon penalty of forfeiting bail under a bail bond
✔✔What is the definition of a professional bondsman? - ✔✔Any person licensed by the
Commissioner and who pledges cash or other securities with the Commissioner as
security for bail bonds and receives or is promised money or other things of value for
writing bail bonds
✔✔What is the definition of a resident? - ✔✔A person who lives in this State for 6
consecutive months before applying for a bail bond license
✔✔What is the definition of a runner? - ✔✔A person employed by a professional bail
bondsman for the purpose of:
Assisting the bail bondsman in presenting the defendant in court when required
or
, Assist in the apprehension and surrender of the defendant to the court
or
Keeping the defendant under necessary surveillance
or
Execute bail bonds on behalf of the licensed professional bondsman
✔✔What is needed for the Runner to assist the Professional Bondsman? - ✔✔Power of
Attorney
✔✔What is the definition of a supervising bondsman? - ✔✔A professional bondsman or
surety bondsman who employs or contracts with a new licensee
✔✔What is the definition of a surety? - ✔✔One who with the principal is liable for the
amount of the bail bond upon forfeiture
✔✔What is the definition of a surety bondsman? - ✔✔A person who is licensed as a
surety bondsman and is appointed by an insurer by a power of attorney to execute bail
bonds and receives or is promised consideration for doing so
✔✔What are the two main differences between an accommodation bondsman and
other bondsmen? - ✔✔An Accommodation bondsman is not licensed and may not
charge a fee or receive any consideration for posting a bond
✔✔What are the main differences between a Professional and a Surety bondsman? -
✔✔A Professional Bondsman is a surety, required to have a security deposit with the
Commissioner and a Surety Bondsman works for a surety, an insurance company
(Insurer)
✔✔What bail bond licenses are issued by DOI? - ✔✔Professional Bondsman License
Surety Bondsman License
Runner License
✔✔What are the three types of Sureties? - ✔✔Professional Bondsman
Insurer (Insurance Company)
Accommodation Bondsman