CA Bail Agent Licensing Practice Test Questions With Correct Answers -2024

Transact as applied to insurance includes - ANSWER Solicitation, Negotiations preliminary to execution, execution of a contract of insurance, Transaction of matters subsequent to execution of the contract. True of False? Any person who transacts insurance without a valid license is gulity of a misdemeanor punishable by a fine not exceeding fifty thousand dollars. - ANSWER True The Commissioner shall begin providing information to the Franchise Tax board - ANSWER July 1,1987 True or False: 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. - ANSWER True The Commissioner may deny an application for any license if: - ANSWER An applicant is not properly qualified to perform the duties of a person holding the license applied for. The granting of the license will be against public interest. The applicant is not of good business reputation. The applicant is lacking in integrity. How are fiduciary funds kept? - ANSWER In an account separate from a bail agents' personal assets. In a savings account. In a non-interest bearing account . A bail solicitor may - ANSWER only conduct business under the name of his/her employer Any person who transact insurance without a valid license is guilty of a - ANSWER Misdemeanor punishable by a fine not exceeding $50000 As used in the ins. regs. bail or transactions of bail includes - ANSWER a bail bond release by means of depositing cash or property and in lieu of giving bail , an undertaking of bail Within ____ after an order, the subject person may file with the commissioner an application of hearing - ANSWER 30 Days Within ___ after a subject person has been served with an order of suspension, the person may apply