FLORIDA BAIL BONDS LATEST
STATE EXAM
QUESTIONS AND
ANSWERS 2026 - 2027
What types of collateral may be accepted on bonds of over $50000? -
ANSWERS-Stock in closed corporations
Patents, copyrights or trademarks
additionally, collateral must also always include a promissory note,
indemnity agreement &/or a real property mortgage
In whos name must the collateral be taken? - ANSWERS-the suretys
name, with the bondsman as the fiduciary
How must cash collateral be held? - ANSWERS-Under $5000 must be
held in an account separate from any other funds belonging to the surety
company or the bondsman. OVER $5000 must be held by the surety
What is the term (length) of an indemnity contract? - ANSWERS-
Indefinite
When does an Indemnity agreement become cancellable? - ANSWERS-
When the conditions of the bond are fulfilled
END OF
PAGE
1
, FLORIDA BAIL BONDS LATEST
STATE EXAM
QUESTIONS AND
ANSWERS 2026 - 2027
What information must appear on a collateral receipt? - ANSWERS--
The date of the receipt
- The name of the Principal
- The numbers of the Powers attached to the bond
- The name of the indemnitor
- The name of who will hold the collateral
Upon proof of fulfillment of the obligation of the bond, what must the
bondsman do with the collateral? - ANSWERS-The collateral must be
returned to the Indemnitor or the person to whom it is assigned
How much time does the bondsman have to return collateral after the
obligation of the bond is fulfilled? - ANSWERS-21 days
If a bondsman is charged with a felony, what happens to their license? -
ANSWERS-It is suspended until the bondsmans case is adjucated in
their favor
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PAGE
2
, FLORIDA BAIL BONDS LATEST
STATE EXAM
QUESTIONS AND
ANSWERS 2026 - 2027
What 4 types of dicsipline can the department of financial services
impose on a licensee? - ANSWERS-Permanent Revokation
Suspension for up to 2 years
Probation for up to 2 years
A fine
What may be required of a bondsman before a suspended license can be
reinstated? - ANSWERS-The bondsman may be required to retake the
basic certification course and/or the correspondence course
Soliciting business in a court or jail is a ... - ANSWERS-Misdemeanor
Employing a convicted felon is a .... - ANSWERS-felony
Recommending an atty to a defendant is a... - ANSWERS-midemeanor
END OF
PAGE
3
STATE EXAM
QUESTIONS AND
ANSWERS 2026 - 2027
What types of collateral may be accepted on bonds of over $50000? -
ANSWERS-Stock in closed corporations
Patents, copyrights or trademarks
additionally, collateral must also always include a promissory note,
indemnity agreement &/or a real property mortgage
In whos name must the collateral be taken? - ANSWERS-the suretys
name, with the bondsman as the fiduciary
How must cash collateral be held? - ANSWERS-Under $5000 must be
held in an account separate from any other funds belonging to the surety
company or the bondsman. OVER $5000 must be held by the surety
What is the term (length) of an indemnity contract? - ANSWERS-
Indefinite
When does an Indemnity agreement become cancellable? - ANSWERS-
When the conditions of the bond are fulfilled
END OF
PAGE
1
, FLORIDA BAIL BONDS LATEST
STATE EXAM
QUESTIONS AND
ANSWERS 2026 - 2027
What information must appear on a collateral receipt? - ANSWERS--
The date of the receipt
- The name of the Principal
- The numbers of the Powers attached to the bond
- The name of the indemnitor
- The name of who will hold the collateral
Upon proof of fulfillment of the obligation of the bond, what must the
bondsman do with the collateral? - ANSWERS-The collateral must be
returned to the Indemnitor or the person to whom it is assigned
How much time does the bondsman have to return collateral after the
obligation of the bond is fulfilled? - ANSWERS-21 days
If a bondsman is charged with a felony, what happens to their license? -
ANSWERS-It is suspended until the bondsmans case is adjucated in
their favor
END OF
PAGE
2
, FLORIDA BAIL BONDS LATEST
STATE EXAM
QUESTIONS AND
ANSWERS 2026 - 2027
What 4 types of dicsipline can the department of financial services
impose on a licensee? - ANSWERS-Permanent Revokation
Suspension for up to 2 years
Probation for up to 2 years
A fine
What may be required of a bondsman before a suspended license can be
reinstated? - ANSWERS-The bondsman may be required to retake the
basic certification course and/or the correspondence course
Soliciting business in a court or jail is a ... - ANSWERS-Misdemeanor
Employing a convicted felon is a .... - ANSWERS-felony
Recommending an atty to a defendant is a... - ANSWERS-midemeanor
END OF
PAGE
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