FLORIDA BAIL BONDS STATE EXAM
QUESTIONS AND VERIFIED ANSWERS|
LATEST UPDATED
say a person is out on 2000 dollar bond and failed to appear, what can the court
do to give bond again - CORRECT ANSWER - double the bond
what does Taylor v Taintor represent - CORRECT ANSWER - United States
Supreme Court case commonly credited as having decided a bail bondsman, has
sweeping rights to recover the suspect in any county or state
how much of your premium can be taken by the insurance company for your
buff - CORRECT ANSWER - up to 40%
if forfeiture occurs the agent of insurer shall give written notice of
intent to convert the collateral deposit into cash to satisfy forfeiture to the
indemnitor and principle - CORRECT ANSWER - 10 days
what is the minimum delinquent fee chargeable - CORRECT ANSWER - $250
who gets a copy of the bail bond information - CORRECT ANSWER - the
indemnitor and the principle
whats needed for a transfer bond - CORRECT ANSWER - a transfer agent
how long is the 120 and 20 hour course valid for? - CORRECT ANSWER - 4
years
,when do IRS 8300 forms need to be filled out - CORRECT ANSWER - cash
payments of over 10k
who’s reliable for all collateral received - CORRECT ANSWER - insurer
can you have a business account in another state other than Florida -
CORRECT ANSWER - NO
what do you do with a copy of the 8300 IRS form - CORRECT ANSWER -
the principle/defendants file
is held responsible for operation of agency and all I acts of the people in that
agency including other Bail bond agents - CORRECT ANSWER - Primary
bail bond agent
What hours are temporary bail bond agents and bail bond agents Allowed NOT
to initiate in person or telephone solicitation. - CORRECT ANSWER - After 9
PM or before 8 AM
Where can a bail bond office be located? - CORRECT ANSWER - Anywhere
accessible to the public (example place must have a ramp in case someone in a
wheel chair comes to the office)
What are the normal business hours in which the bail bonds office needs to be
open? - CORRECT ANSWER - At least eight hours daily between 8 AM and 6
PM Monday through Friday except for legal holidays.
How many insurers can limit it surety agents be appointed by. - CORRECT
ANSWER - As many as they wish
,If agent that is only authorized to write bail bonds in the amounts up to $10,000
writes a bond for $20,000 who will be bound by his actions ? - CORRECT
ANSWER - The company will be bound by his actions since the court had no
way of knowing of the limitation.
Time period the statute requires the balance of the build up fund to be returned
to the agent after all liability has been discharged. - CORRECT ANSWER -
Six months
Account set up to indemnify the company from the losses caused by the agent. -
CORRECT ANSWER - Build up fund
Any insurer regularly engaged in the execution of bail bonds in this state shall
have a;
a. Managing general agent in this state to supervise its agents.
b. Temporary bail bond agent in this state to supervise its agents.
c. Managing general agent in another state to supervise its agents in Florida.
d. Suspended general agent in this state to supervise its agents.
e. Managing general agent in this state to arrest its agents. - CORRECT
ANSWER - A
A managing general agent shall maintain an office in this state and maintain all
what relating to bonds issued
in this state.
a. Records
b. Court proceedings
c. bonds market
d. bond Associations
e. Bond engagements - CORRECT ANSWER - A
, Licensees who are unable to comply with the continuing education requirements
due to active duty in the
military may submit a;
a. Written invitation for a waiver to the department.
b. Written place for a waiver to the department.
c. Written adjustment for a waiver to the department.
d. Written license for a waiver to the department.
e. Written request for a waiver to the department. - CORRECT ANSWER - E
It is unlawful for a bail bond agent to execute a bail bond without charging a;
a. Rebate rate
b. Suggested rate
c. Premium rate
d. Negotiated rate
e. Special rate - CORRECT ANSWER - C
No person may be admitted to bail upon appeal from a conviction of a felony
unless
a. The defendant establishes that the appeal is taken in good faith,
b. On grounds fairly debatable, and not frivolous
c. The defendant establishes that the appeal is taken in bold faith,
d. The defendant establishes that the appeal is forced in good faith,
e. A and B only - CORRECT ANSWER - E
The terms and conditions of all contracts entered into between a principal and a
surety for a bail bond shall
include the;
b. Power of attorney number,
QUESTIONS AND VERIFIED ANSWERS|
LATEST UPDATED
say a person is out on 2000 dollar bond and failed to appear, what can the court
do to give bond again - CORRECT ANSWER - double the bond
what does Taylor v Taintor represent - CORRECT ANSWER - United States
Supreme Court case commonly credited as having decided a bail bondsman, has
sweeping rights to recover the suspect in any county or state
how much of your premium can be taken by the insurance company for your
buff - CORRECT ANSWER - up to 40%
if forfeiture occurs the agent of insurer shall give written notice of
intent to convert the collateral deposit into cash to satisfy forfeiture to the
indemnitor and principle - CORRECT ANSWER - 10 days
what is the minimum delinquent fee chargeable - CORRECT ANSWER - $250
who gets a copy of the bail bond information - CORRECT ANSWER - the
indemnitor and the principle
whats needed for a transfer bond - CORRECT ANSWER - a transfer agent
how long is the 120 and 20 hour course valid for? - CORRECT ANSWER - 4
years
,when do IRS 8300 forms need to be filled out - CORRECT ANSWER - cash
payments of over 10k
who’s reliable for all collateral received - CORRECT ANSWER - insurer
can you have a business account in another state other than Florida -
CORRECT ANSWER - NO
what do you do with a copy of the 8300 IRS form - CORRECT ANSWER -
the principle/defendants file
is held responsible for operation of agency and all I acts of the people in that
agency including other Bail bond agents - CORRECT ANSWER - Primary
bail bond agent
What hours are temporary bail bond agents and bail bond agents Allowed NOT
to initiate in person or telephone solicitation. - CORRECT ANSWER - After 9
PM or before 8 AM
Where can a bail bond office be located? - CORRECT ANSWER - Anywhere
accessible to the public (example place must have a ramp in case someone in a
wheel chair comes to the office)
What are the normal business hours in which the bail bonds office needs to be
open? - CORRECT ANSWER - At least eight hours daily between 8 AM and 6
PM Monday through Friday except for legal holidays.
How many insurers can limit it surety agents be appointed by. - CORRECT
ANSWER - As many as they wish
,If agent that is only authorized to write bail bonds in the amounts up to $10,000
writes a bond for $20,000 who will be bound by his actions ? - CORRECT
ANSWER - The company will be bound by his actions since the court had no
way of knowing of the limitation.
Time period the statute requires the balance of the build up fund to be returned
to the agent after all liability has been discharged. - CORRECT ANSWER -
Six months
Account set up to indemnify the company from the losses caused by the agent. -
CORRECT ANSWER - Build up fund
Any insurer regularly engaged in the execution of bail bonds in this state shall
have a;
a. Managing general agent in this state to supervise its agents.
b. Temporary bail bond agent in this state to supervise its agents.
c. Managing general agent in another state to supervise its agents in Florida.
d. Suspended general agent in this state to supervise its agents.
e. Managing general agent in this state to arrest its agents. - CORRECT
ANSWER - A
A managing general agent shall maintain an office in this state and maintain all
what relating to bonds issued
in this state.
a. Records
b. Court proceedings
c. bonds market
d. bond Associations
e. Bond engagements - CORRECT ANSWER - A
, Licensees who are unable to comply with the continuing education requirements
due to active duty in the
military may submit a;
a. Written invitation for a waiver to the department.
b. Written place for a waiver to the department.
c. Written adjustment for a waiver to the department.
d. Written license for a waiver to the department.
e. Written request for a waiver to the department. - CORRECT ANSWER - E
It is unlawful for a bail bond agent to execute a bail bond without charging a;
a. Rebate rate
b. Suggested rate
c. Premium rate
d. Negotiated rate
e. Special rate - CORRECT ANSWER - C
No person may be admitted to bail upon appeal from a conviction of a felony
unless
a. The defendant establishes that the appeal is taken in good faith,
b. On grounds fairly debatable, and not frivolous
c. The defendant establishes that the appeal is taken in bold faith,
d. The defendant establishes that the appeal is forced in good faith,
e. A and B only - CORRECT ANSWER - E
The terms and conditions of all contracts entered into between a principal and a
surety for a bail bond shall
include the;
b. Power of attorney number,
