Verified Answers for Accuracy
What are the 3 areas of bail bond law?
✓✓ Chapter 15A, Article 26
Chapter 58, Article 71
NC Administrative Code
What NC agency is in charge of regulating bail bondsmen and
runners?
✓✓ NC Department of Insurance
Who is the NC Commissioner of Insurance?
✓✓ Wayne Goodwin
What persons are prohibited from becoming licensed as bail
bondsmen or runners?
✓✓ Sheriff, Deputy Sheriff, Law enforcement officer, Attorney,
Parole Officer, Probation Officer, Jailer, Assistant Jailer,
Employee of the General Courts of Justice, other public employee
assigned to the administration of criminal justice.
*NOR THE SPOUSE OF SUCH PERSON
What is the purpose of a bail bond?
✓✓ To assure the appearance of the defendant in court
What are the consequences of a bail bond?
✓✓ 1) Forfeiture of bail
2) Order for arrest
pg. 1
,What is the definition of a bail bond?
✓✓ An undertaking by the principal to appear in court upon
penalty of forfeiting bail
What are the types of bail bond?
✓✓ 1) Unsecured
2) Premium Secured
3) Cash Deposit
4) Mortgage
What can a bail bond be used for other than the release of a person
from jail?
✓✓ Release of a motor vehicle from impoundment
What are the different types of bail bondsman?
✓✓ 1) Accommodation bondsman
2) Surety bondsman
3) Professional bondsman
What is the definition of Commissioner?
✓✓ The NC Commissioner of Insurance
What is the definition of an obligor?
✓✓ A principal or surety on a bond
What is the definition of a surety?
✓✓ One who with the principal is liable for the amount of the
bail bond upon forfeiture
What are the 3 types of sureties?
pg. 2
, ✓✓ 1) Professional Bondsman
2) Accommodation Bondsman
3) Insurer (Insurance Company)
When a person is arrested, what form shows the charge, time, and
location to appear in court?
✓✓ Conditions of release
What form is the conditions of release transferred to for the release of
a defendant?
✓✓ The Appearance bond
What does the bond affidavit provide information on?
✓✓ Premium and Collateral
What is the maximum bail bond premium that can be charged?
✓✓ 15%
What are the only 2 things of value a bondsman can accept for
posting a bond?
✓✓ Premium or Collateral
What is collateral?
✓✓ Something of value to indemnify or protect the bondsman in
the event of forfeiture
What are the different types of collateral?
pg. 3