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PASS | BAIL AGENT LATEST EXAM
"Solicit" means to imply that one is a licensed agent, in:
A. Written or printed advertising.
B. Advertising by telephone.
C. Advertising by radio.
D. Advertising by television.
E. All of the above - ANSWER-E. All of the above
As used in the insurance regulations, bail or transactions of bail includes; (select
the most complete answer)
A. A bail bond
B. A release by means of depositing cash or property and in lieu of giving bail
C. An undertaking of bail
D. A, B, and C are all included - ANSWER-D. A, B, and C are all included
,What are the three types of bail licenses?
A. Bail ______ license
B. Bail ______ license
C. Bail ______ licencse - ANSWER-A. Bail Agent license
B. Bail Solicitor license
C. Bail Permittee
What size bond is required for a bail agent?
A. $10,000
B. $5,000
C. $2,500
D. $1,000 - ANSWER-D. $1,000
Every applicant for a license to act as a bail agent must file with the commissioner
a "Notice of ________" executed by a surety.
A. Partnership
B. Appointment
C. DBA
D. Contract - ANSWER-B. Appointment
A bail licensee may purchase and use the business DBA of another if the
predecessor had conducted the business for a period of ______.
A. One year or more
B. Two years or more
C. Two consecutive years or more
, D. Three years - ANSWER-C. Two consecutive years or more
What size bond is required for a bail permittee?
A. $10,000
B. $5,000
C. $2,500
D. $1,000 - ANSWER-B. $5,000
A bail solicitor may:
A. Conduct business for more than one bail agent
B. Only conduct business under the name of his/her employer
C. Own their own bail agency
D. None of the above - ANSWER-B. Only conduct business under the name of
his/her employer
What size bond is required for a bail solicitor?
A. $10,000
B. $5,000
C. $2,500
D. $1,000 - ANSWER-D. $1,000
Who can be a bail agent: (select the best complete answer)
A. A natural person who has been in the United States lawfully for over three years
B. A person of good business reputation
C. A person with good general reputation
D. Both B and C - ANSWER-D. Both B and C