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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
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