Bail Set 2|Already Graded A+|100% Pass

A bondsman must give the person who gives him collateral a written receipt describing the collateral which of the following is not required on a bond premium receipt the next payment date and amount due 00:27 01:11 a bondsman may be paid over 15% of the bond if the bond amount is reduced after the original bond was written all contracts and forms used by NC bondsman must be approved by the department of insurance prior to use a bondsman charges 15% premium on a $7,000,000 bond. What is the maximum premium amount he can legally collect $1,050,000 all contracts and forms must be used by an NC bondsman must have all of the following except supervising agent's license number what is the minimum bond premium that a bondsman may charge no minimum an ______________ must file a monthly report with the department of insurance professional bondsmen if a bondsman fails to notify NCDOI of a bankruptcy or state receivership within the statutorily defined time his license may by suspended for a maximum of 3 years a bondsman may sell collateral in order to pay a forfeiture which of the following is not a surety runner, surety bondsman a bondsman must notify NCDOI of his bankruptcy within how many days 3 business days 00:00 01:11 which is the maximum premium amount an NC bondsman can legally collect for a 130,000 bond? $3,912 a monthly bail bond report must list all the bonds the professional bondsman is still libel for if the bondsman liability is reduced he must reduce the collateral to the new liability amount a defendants bond may be revoked if he does not fulfill an obligation to the court which of the following is a collateral related offense and a violation of the North Carolina Administrative Code? collecting $25,000 in cash and requiring defendant to sign an indemnity agreement for $25,000 on a $25,000 bond, taking a car valued at $2,000, $1,500 in cash, and $2,000 indemnity agreement on $5,000 bond a bondsman may surrender a defendant after a breach of the undertaking a bondsman must deposit cash collateral in a trust account within __________________ days 2 banking what is the maximum bond premium that a bondsman may charge 15% a bondsman who surrenders a defendant is not required to return the premium for all of the following reasons except the co-signer wants defendant returned to jail, the defendant is arrested on a new charge who enforces maximum premium rates in NC NCDOI as long as h has a copy of the bail bond a bondsman may surrender a defendant to the sheriff any time