Who regulates insurance companies and insurance agents- ✅✅ The department
of financial services
When is a habeas corpus bond used? - ✅✅ When the defendant alleges he is
being detained without proper cause
Which of the following is correct regarding a defendant legal status before being
adjudicated? - ✅✅ Presumed innocent until proven guilty
If Alan breaches a contract he has entered into with Bob, what happens? - ✅✅
Bob is excused from further performance of contract; he may also sue Alan for
money or specific performance
How much time must a defendant who has not yet been released be brought before
a judge to hear the charges- ✅✅ 2 hours
Which of these are required to be eligible for bail bond licensure? - ✅✅120 hour
course, correspondence course and pass a state exam
How much premium is returned to defendant?- ✅✅ Surety must return premium
if a defendant has not violated any of the terms of his contract,
Which is most correct regarding felonies and misdemeanors? - ✅✅ Felonies
carry prison sentences of over one year
, Which is most correct about a surety’s exoneration when a defendant, prior to the
breach of the bond, is again in jail in some other city? - ✅✅ Bond is exonerated
but surety must arrange transportation.
What is punitive damages? - ✅✅Punitive damages are designed to punish the
wrongdoer and set an example for others
What is correct about revocation of a license? - ✅✅ Revocation is permanent
Florida statues require the bondsman to immediately forward to surety collateral in
certain cases- ✅✅ Must forward if value of collateral exceeds 5000
If surety does not pay forfeiture within the required time, what happens next-
✅✅Clerk of county court enters judgement against surety for penalty amount
and issues execution
Which terminology is used to describe the U.S. Supreme Court jurisdiction when
dealing with an accused ambassador or diplomat- ✅✅ Personal jurisdiction
Describe how a professional bondsman justifies the sufficiency of suretyship-
✅✅
Attaches cash, cashier’s check or money order
Which parties are sometimes the same? - ✅✅ Obligor and indemnitor
Which of the following refers to the party to whom an obligation is owed? - ✅✅
The obligee