Idaho bail bondsman Insurance License exam (Questions + Answers) Verified 100% Correct!!.

____ account provides funds to cover the potential liabilities incurred as a result of the forfeiture of bonds. - A BUF ____ refers to a security given by a defendant who wants to bring a writ of error on a judgment and that a stay of execution is preferred in the meantime. - Bail in error _____ describes the return of the defendant to the custody of the sheriff following either bail revocation or forfeiture. - Recommitment _____ is a process by which a defendant who failed to show up in court can have his bail bond reactivated. - Reinstatement _____ is a term used interchangeably with the full amount or face amount of the bond. - Penal amount _____ refers to an order of the court which allows a defendant to post new bail following an order of revocation of bail. - Readmittance to bail ______ is usually held at which the judge decides whether there is sufficient evidence to force the defendant to stand trial. - Preliminary hearing _______ describes the reasonable restrictions, conditions or prohibitions that are placed upon the defendants activities. - Conditions of release A ____ should be submitted for a bail bond. - Power of attorney (poa) A _____ agent owns agency and may hire sub-agents. - generalA bail bond is said to be ____ when the legal process is finished. - Exonerated A captive insurance company exists primarily to: - underwrite the risks of the parent owner. A corporation authorized by law to act as a surety should file in the county office a ______ designating and authorizing the named agent. - Power of attorney (poa) A criminal suspect may be granted ____ release such that no bail money needs to be paid and that no bond needs to be posted. - Own recognizance A defendant is guaranteed a right to trial by jury for offenses that has a penalty of more than ____ months of imprisonment. - 6 A domestic insurance companay: - is incorporated in the state within which it is located. It is considered foreign in all other states. Adverse selection is said to exist when ____. - A risk insured is more likely than average in experiencing losses An admitted insurance company possesses ______. - a certificate of authority An insurance policy that does not constitute insurable interest would be considered as _______. - Void and illegal An insurance risk class is usually based on a large group of people with _____. - Similar characteristics Apparent authority is also known as ______. - Ostensible authority