NC Bail Bondsman Exam Questions and Answers ● Latest Update 2024 (Graded A+)

NC Bail Bondsman Exam Questions and Answers ● Latest Update 2024 (Graded A+) Which statute regulates bondsman's daily business? A) 15 A Article 26 B) Chapter 58 Article 71 C) Chapter 75 D) DOI - correct answers B) Chapter 58 Article 71 2) Which is not included in the definition of an accommodation? A) person who charges a fee (money) for posting a bond B) a person who must show proof that property will cover the amount of the bond C) a person who may sue the defendant for loss due to payment of the bond D) a person who is not licensed. - correct answers A) person who charges a fee (money) for posting a bond 3) How can an accommodation bondsman post bonds? A) Cash B) property C) A and B Latest Update 2023!!! NC Bail Bondsman Exam Questions and Answers (Verified Solutions) D) certification of equivalent funds in stocks and bonds form 2104-B - correct answers C) A and B 4) What is the definition of a bail bond? A. An undertaking by the principal to appear in court upon penalty of forfeiting bail B. A legal instrument indicating the amount of bond required and when payable C. A legal instrument giving the right to foreclose on a property D. All the above - correct answers A. An undertaking by the principal to appear in court upon penalty of forfeiting bail Which one is NOT a type of bail bond? A) Unsecured B) Signed title to motor vehicle C) Premium Secured D) Property - correct answers B) Signed title to motor vehicle What are the three areas of North Carolina Bail Bond law? Latest Update 2023!!! NC Bail Bondsman Exam Questions and Answers (Verified Solutions) A. Chapter 15 A, Article 26, Chapter 58 Article 71, NC Administrative code B. Chapter 15 A, article 26, chapter 58 article 71, department of insurance regulatory code C. Chapter 15 A, article 26, chapter 58 article 70, NC administrative code D. Chapter 29B, Article 62, chapter 85, article 17, NC administrative code - correct answers A. Chapter 15 A Article 26, Chapter 58 Article 71, NC Administrative code If there is conflict between the areas of bail bond law, what is first in the order of authority? A. Chapter 58 article 71 B. Chapter 15A Article 26 C. Chapter 15A Article 22 D. NC Administrative Code - correct answers B. Chapter 15A article 26 Who is in charge of regulating bail bondsmen and runners? A. North Carolina Department of Justice B. North Carolina Department of Insurance C. County and Municipal Government Latest Update 2023!!! NC Bail Bondsman Exam Questions and Answers (Verified Solutions) D. Local School Board Attorneys - correct answers B. North Carolina Department of Insurance Who is the elected head of the North Carolina Department of Insurance. A. Commissioner of Insurance B. Governor C. Lieutenant Governor D. Attorney General - correct answers A. Commissioner of Insurance What persons are not prohibited from becoming licensed as bail bondsmen or runners? A) sheriff B) deputy sheriff C) officers in any branch of the united starts armed services D) attorney - correct answers C) officers in any branch of the united states armed services What is one of the two restrictions for persons prohibited from becoming bail bondsman or runners? Latest Update 2023!!! NC Bail Bondsman Exam Questions and Answers (Verified Solutions) A. Shall not act as an agent for any bail bond company of bail bondsman B. Shall not be above the age of 75 C. Cannot have used the services of a NC Bail Bondsman in the preceding 12 months D. Cannot have any contact including casual conversations with any bail bondsman - correct answers A. Shall not act as an agent for any bail bond company of bail bondsman What is not one of the general qualifications for bail bondsmen and runners? A) 18 years old B) Resident for at least 2 years C) hand knowledge training or experience of sufficient duration and extent to provide the competence necessary to fulfill the responsibilities of a license D) have no outstanding bail bond obligations - correct answers B) Resident for at least 2 years Which is not considered proof of residency? A) Pay stub Latest Update 2023!!! NC Bail Bondsman Exam Questions and Answers (Verified Solutions) B) Utility Bill C) Written Lease Agreement / Contract for purchase D) Birth Certificate - correct answers D) Birth Certificate If a bondsman's license is revoked what is the minimum revocation period? A. No Minimum B. 10 days C. 20 days D. 30 days - correct answers A. No minimum If a bondsman's license is revoked what is the maximum revocation period? A. No Maximum B. 10 days C. 20 days D. 30 days - correct answers A. No maximum What is the definition of "bail"? A. A defendant or witness' obligation to appear in court Latest Update 2023!!! NC Bail Bondsman Exam Questions and Answers (Verified Solutions) B. The security required for the release of a defendant C. The obligation assumed by the one who posts bail D. The ability to be released from incarceration - correct answers B. The security required for the release of a defendant What is the definition of "Bond"? A. The obligation assumed by the one who posts bail B. The security required for the release of a defendant. C. The obligation assumed by the one who posts bail D. A law or regulation that pertains to the ownership of collateral - correct answers A. The obligation assumed by the one who posts bail What is the purpose of a bail bond? A. to assure the timely release of arrestees B. To assure the appearance of the defendant in court C. Compliance with Habeas Corpus laws D. A law or regulation the pertains to the ownership of collateral - correct answers B. To assure the appearance of the defendant in court. Latest Update 2023!!! NC Bail Bondsman Exam Questions and Answers (Verified Solutions) Other than the release of a person from jail, a bail bond be used for? A. The return of a motor vehicle B. Release of foreclosure C. Return of personal possessions from a pawn shop D. Acceptable reason for absence from employment - correct answers A. The return of a vehicle. In obtaining a bail bond license, the definition of a resident is? A. Anyone who can show valid proof of address B. Anyone who has lived in this state for at least 30 days before applying for a bond license. C. Anyone who has lived in this state for at least 90 days immediately before applying for a bail bond license D. Anyone who has live in this state for at least six consecutive months immediately before applying for a bail bond. - correct answers D. Anyone who has live in this state for at least six consecutive months immediately before applying for a bail bond. Latest Update 2023!!! NC Bail Bondsman Exam Questions and Answers (Verified Solutions) A supervising bondsman is: A. An assistant to the bail bondsman in presenting the defendant in court when required B. Any person licensed as a professional bondsman by the Commissioner C. One who deposits cash or other securities with the Commissioner as security for bail bonds D. A professional or surety bondsman who employs or contracts with a new licensee - correct answers D. A professional or surety bondsman who employs or contracts with a new licensee a Surety bondsman is not: A) a defendant or witness obligated to appear in court B) appointed by an insurer by a power of attorney to execute bail bonds C) licensed by the state of North Carolina D) a person who receives or is promised consideration for the execution of a bail bond. - correct answers A) Defendant or witness obligated to appear in court.