BAIL AGENT STUDY GUIDE WITH COMPLETE QUESTIONS AND
CORRECT ANSWERS!!! ALREADY GRADED A+
"Transact" as applied to insurance includes:
A. Solicitation
B. Negotiations preliminary to execution
C. Execution of a contract of insurance
D. Transaction of matters subsequent to execution of the contract
E. All of the above - (ANSWER)E. All of the above
Any person who transacts insurance without a valid license is guilty of a misdemeanor punishable by a
fine not exceeding fifty thousand dollars.
T
F - (ANSWER)T
The commissioner shall begin providing information to the Franchise Tax Board:
A. January 1, 2000
B. December 25, 2005
C. July 1, 1987
D. July 1, 1980 - (ANSWER)C. July 1, 1987
Except as provided in Section 1669, a license shall not be denied without an opportunity to the applicant
to be heard in support of his application.
T
F - (ANSWER)T
The commissioner may deny an application for any license if:
A. An applicant is not properly qualified to perform the duties of a person holding the license applied for.
B. The granting of the license will be against public interest.
C. The applicant is not of good business reputation.
D. The applicant is lacking in integrity.
,BAIL AGENT STUDY GUIDE WITH COMPLETE QUESTIONS AND
CORRECT ANSWERS!!! ALREADY GRADED A+
E. All of the above. - (ANSWER)E. All of the above
The commissioner may without hearing, deny an application if the applicant has:
A. Committed a felony as shown by conviction.
B. Committed a misdemeanor denounced by the insurance code.
C. Had a previous application of license denied within five years of the date of filing of the application on
grounds that should preclude the granting of the license.
D. Had a previously issued license suspended or revoked for cause within the last five years.
E. All of the above. - (ANSWER)E. All of the above
The application is automatically denied without prejudice if the filing is not complete within:
A. 1 year
B. 3 years
C. 5 years
D. 7 years - (ANSWER)A. 1 year
If an applicant is caught cheating on an examination, the commissioner shall bar any candidate from
taking any license examination for a period of:
A. 1 year
B. 3 years
C. 5 years
D. 7 years - (ANSWER)C. 5 years
Every licensee shall give notice of address change to the commissioner:
A. Within 5 days
B. Within 10 days
C. Within 30 days
D. Immediately - (ANSWER)D. Immediately
, BAIL AGENT STUDY GUIDE WITH COMPLETE QUESTIONS AND
CORRECT ANSWERS!!! ALREADY GRADED A+
All funds received, by any person acting as a licensee, as premium shall be held in a _________________
capacity.
A. Savings
B. Fiduciary
C. Interest
D. Thoughtful - (ANSWER)B. Fiduciary
How are fiduciary funds Kept?
A. In an account from a bail agents' personal assets.
B. In a savings account.
C. In a non-interest bearing account.
D. All of the above are correct. - (ANSWER)D. All of the above
If a person named under a license held by an organization commits any act there is ground for
suspension or revocation of the license, the action may be taken against the organization.
T
F - (ANSWER)T
A licensee may elect in writing to pay a specified money penalty in lieu of a license suspension:
A. Four thousand dollars ($4,000) for each offense.
B. Twenty thousand dollars ($20,000) in the aggregate for all offenses involved in any one proceeding.
C. Thirty percent of the gross commissions on insurance transacted by the licensee in the preceding
calendar year.
D. Any amount proven, or admitted, in the proceedings to have been received and retained by the
licensee in violation of this code.
E. All of the above. - (ANSWER)E. All of the above
CORRECT ANSWERS!!! ALREADY GRADED A+
"Transact" as applied to insurance includes:
A. Solicitation
B. Negotiations preliminary to execution
C. Execution of a contract of insurance
D. Transaction of matters subsequent to execution of the contract
E. All of the above - (ANSWER)E. All of the above
Any person who transacts insurance without a valid license is guilty of a misdemeanor punishable by a
fine not exceeding fifty thousand dollars.
T
F - (ANSWER)T
The commissioner shall begin providing information to the Franchise Tax Board:
A. January 1, 2000
B. December 25, 2005
C. July 1, 1987
D. July 1, 1980 - (ANSWER)C. July 1, 1987
Except as provided in Section 1669, a license shall not be denied without an opportunity to the applicant
to be heard in support of his application.
T
F - (ANSWER)T
The commissioner may deny an application for any license if:
A. An applicant is not properly qualified to perform the duties of a person holding the license applied for.
B. The granting of the license will be against public interest.
C. The applicant is not of good business reputation.
D. The applicant is lacking in integrity.
,BAIL AGENT STUDY GUIDE WITH COMPLETE QUESTIONS AND
CORRECT ANSWERS!!! ALREADY GRADED A+
E. All of the above. - (ANSWER)E. All of the above
The commissioner may without hearing, deny an application if the applicant has:
A. Committed a felony as shown by conviction.
B. Committed a misdemeanor denounced by the insurance code.
C. Had a previous application of license denied within five years of the date of filing of the application on
grounds that should preclude the granting of the license.
D. Had a previously issued license suspended or revoked for cause within the last five years.
E. All of the above. - (ANSWER)E. All of the above
The application is automatically denied without prejudice if the filing is not complete within:
A. 1 year
B. 3 years
C. 5 years
D. 7 years - (ANSWER)A. 1 year
If an applicant is caught cheating on an examination, the commissioner shall bar any candidate from
taking any license examination for a period of:
A. 1 year
B. 3 years
C. 5 years
D. 7 years - (ANSWER)C. 5 years
Every licensee shall give notice of address change to the commissioner:
A. Within 5 days
B. Within 10 days
C. Within 30 days
D. Immediately - (ANSWER)D. Immediately
, BAIL AGENT STUDY GUIDE WITH COMPLETE QUESTIONS AND
CORRECT ANSWERS!!! ALREADY GRADED A+
All funds received, by any person acting as a licensee, as premium shall be held in a _________________
capacity.
A. Savings
B. Fiduciary
C. Interest
D. Thoughtful - (ANSWER)B. Fiduciary
How are fiduciary funds Kept?
A. In an account from a bail agents' personal assets.
B. In a savings account.
C. In a non-interest bearing account.
D. All of the above are correct. - (ANSWER)D. All of the above
If a person named under a license held by an organization commits any act there is ground for
suspension or revocation of the license, the action may be taken against the organization.
T
F - (ANSWER)T
A licensee may elect in writing to pay a specified money penalty in lieu of a license suspension:
A. Four thousand dollars ($4,000) for each offense.
B. Twenty thousand dollars ($20,000) in the aggregate for all offenses involved in any one proceeding.
C. Thirty percent of the gross commissions on insurance transacted by the licensee in the preceding
calendar year.
D. Any amount proven, or admitted, in the proceedings to have been received and retained by the
licensee in violation of this code.
E. All of the above. - (ANSWER)E. All of the above
