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Which two Florida Statutes govern the bail bond industry? - 🧠 ANSWER
✔✔Chapter 648 and 903
Which Governmental agency or department governs the bail bond industry
in the state of Florida? - 🧠 ANSWER ✔✔Florida Department of Financial
Services
The Records of all Bail Bond written in this state must be made available
within how many hours after being requested by the state? - 🧠 ANSWER
✔✔48 hours
What types of action can the department take against an agents bail bond
license? ( 4 types) - 🧠 ANSWER ✔✔Fine-Probation-suspension-Revoke
What is a daily bond register? - 🧠 ANSWER ✔✔The power registry-Daily
log of powers used-Itemized list to count
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
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PRIVACY STATEMENT. ALL RIGHTS RESERVED
, What must be held in an individual file or envelope for each principal for
whom a bail bond has been executed? - 🧠 ANSWER ✔✔Power-
Appearance Bond-premium receipt-Collateral receipt-promissory note-
indemnity agreement-disclosure notice-Application/Contract-Discharge
What is considered to be reasonable business hours - 🧠 ANSWER ✔✔8
hours a day 5 days a week (Between the hours of 8am and 6pm)
Explain what is acceptable as it pertains to the branch office of a bail
agency's entrance and sign? - 🧠 ANSWER ✔✔Business name and address
you have filed with the department.
How and whom must an agent notify if there has been a change in
address, telephone number or name and what is the time frame allowed? -
🧠 ANSWER ✔✔The Department-The Sheriff-The surety within 10 days.
What is a build up fund? Aka BUF - 🧠 ANSWER ✔✔A joint account
between the surety company and agency to protect the Surety Company
How is a build up fund account opened or titled? - 🧠 ANSWER ✔✔Opened
jointly in the name of the agent or agency and the insurer or in trust for the
agent or agency by the insurer.
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
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PRIVACY STATEMENT. ALL RIGHTS RESERVED