BAIL BONDS 6 Questions with CORRECT Answers
Question:
Which statement is true of Build-Up Funds?
Answer:
The fund shall not exceed forty percent of the premium.
Question:
A Surety Bail Bond Agent cannot deliver and execute a bond for how many days after
the license is initially issued?
Answer:
180 days
Question:
The Director of the Department of Insurance has the following duties except
Answer:
Setting insurance rates
Question:
A Surety Bail Bond Agent has how many days to report to the Department of
Insurance any convictions or crimes other than minor traffic offenses?
Answer:
30 days
Question:
What are the requirements for a person to apply for a Surety Bail license?
Answer:
Be a person of high character and integrity.
Question:
Who is responsible to show proof that the continuing education has been completed?
Answer:
The Individual Licensee To transact surety business in the State of Ohio, the Ohio
Department of Insurance must issue
, Question:
Which of the following statements is false?
Answer:
The surety bail bond agent can collect interest on collateral for his own
benefits.
Question:
The power of the court to take cases from particular geographical are and limits
the boundaries is what jurisdiction?
Answer:
Limited
Question:
The power that the public assumes the agent to have is?
Answer:
Apparent
Question:
An order issued from a court requiring the performance of a specific act, giving
authority to have it done is called.
Answer:
Writ
Question:
When the applicant applies for a Surety Bail Bond by completing the application,
this is considered
Answer:
Offer
Question:
What are three types of authority that a Surety Bail Bond Agent has?
Answer:
Express, implied and apparent
Question:
When a judge releases a defendant after the defendant promises to re
Answer:
Recognizance
Question:
Which statement is true of Build-Up Funds?
Answer:
The fund shall not exceed forty percent of the premium.
Question:
A Surety Bail Bond Agent cannot deliver and execute a bond for how many days after
the license is initially issued?
Answer:
180 days
Question:
The Director of the Department of Insurance has the following duties except
Answer:
Setting insurance rates
Question:
A Surety Bail Bond Agent has how many days to report to the Department of
Insurance any convictions or crimes other than minor traffic offenses?
Answer:
30 days
Question:
What are the requirements for a person to apply for a Surety Bail license?
Answer:
Be a person of high character and integrity.
Question:
Who is responsible to show proof that the continuing education has been completed?
Answer:
The Individual Licensee To transact surety business in the State of Ohio, the Ohio
Department of Insurance must issue
, Question:
Which of the following statements is false?
Answer:
The surety bail bond agent can collect interest on collateral for his own
benefits.
Question:
The power of the court to take cases from particular geographical are and limits
the boundaries is what jurisdiction?
Answer:
Limited
Question:
The power that the public assumes the agent to have is?
Answer:
Apparent
Question:
An order issued from a court requiring the performance of a specific act, giving
authority to have it done is called.
Answer:
Writ
Question:
When the applicant applies for a Surety Bail Bond by completing the application,
this is considered
Answer:
Offer
Question:
What are three types of authority that a Surety Bail Bond Agent has?
Answer:
Express, implied and apparent
Question:
When a judge releases a defendant after the defendant promises to re
Answer:
Recognizance
