Verified 100% Correct
In what ways can an accommodation bondsman post bonds? - ANSWER Cash or
Property
What is the definition of a bail bond? - ANSWER An undertaking by the principal to
appear in court upon penalty of forfeiting bail
What are the types of bail bond listed under the bail bond definition? - ANSWER
Unsecured
Premium Secured
Cash Deposit
Mortgage
What can a bail bond be used for other than the release of a person from jail? -
ANSWER Release of a motor vehicle from impoundment
What is the definition of a bail bondsman? - ANSWER Surety Bondsman
Professional Bondsman
Accommodation Bondsman
What is the definition of Commissioner? - ANSWER The North Carolina Commissioner
of Insurance
What is the definition of a first year licensee? - ANSWER Any person licensed as a
bondsman or runner for a period of less than 12 months
What is the definition of insurer? - ANSWER Any domestic, foreign, or alien surety
company qualified generally to transact surety business and specifically to transact bail
bond business in this State
What is the definition of an obligor? - ANSWER A principal or surety on a bond
What is the definition of a principal? - ANSWER A defendant or witness obligated to
appear in court upon penalty of forfeiting bail under a bail bond
,What is the definition of a professional bondsman? - ANSWER Any person licensed
by the Commissioner and who pledges cash or other securities with the Commissioner
as security for bail bonds and receives or is promised money or other things of value
for writing bail bonds
What is the definition of a resident? - ANSWER A person who lives in this State for 6
consecutive months before applying for a bail bond license
What is the definition of a runner? - ANSWER A person employed by a professional
bail bondsman for the purpose of:
Assisting the bail bondsman in presenting the defendant in court when required
or
Assist in the apprehension and surrender of the defendant to the court
or
Keeping the defendant under necessary surveillance
or
Execute bail bonds on behalf of the licensed professional bondsman
What is needed for the Runner to assist the Professional Bondsman? - ANSWER
Power of Attorney
What is the definition of a supervising bondsman? - ANSWER A professional
bondsman or surety bondsman who employs or contracts with a new licensee
What is the definition of a surety? - ANSWER One who with the principal is liable for
the amount of the bail bond upon forfeiture
What is the definition of a surety bondsman? - ANSWER A person who is licensed as
a surety bondsman and is appointed by an insurer by a power of attorney to execute
bail bonds and receives or is promised consideration for doing so
What are the two main differences between an accommodation bondsman and other
bondsmen? - ANSWER An Accommodation bondsman is not licensed and may not
charge a fee or receive any consideration for posting a bond
What are the main differences between a Professional and a Surety bondsman? -
ANSWER A Professional Bondsman is a surety, required to have a security deposit
, with the Commissioner and a Surety Bondsman works for a surety, an insurance
company (Insurer)
What bail bond licenses are issued by DOI? - ANSWER Professional Bondsman
License
Surety Bondsman License
Runner License
What are the three types of Sureties? - ANSWER Professional Bondsman
Insurer (Insurance Company)
Accommodation Bondsman
Who can supervise a first year licensee applying for a runners license? - ANSWER A
Professional Bondsman
Who can supervise a first year licensee applying for a Surety Bondsman's license? -
ANSWER A Surety Bondsman
Before a bond can be posted, how shall the surety be qualified? - ANSWER As a
Professional Bondsman, an Accommodation Bondsman, or as an insurer represented
by a Surety Bondsman
When a person is arrested, what for shows the charge, time, and location to appear in
court? - ANSWER Conditions of Release
What form is the information on the 'Conditions of Release' transferred to for the release
of a defendant? - ANSWER The Appearance Bond
What is the required 'Identifying Information' on a bond? - ANSWER Name and Mailing
Address of defendant
Name and Mailing Address of Accomodation Bondsman
Name and license number of the Professional Bondsman/Runner
Name of the Insurer (Insurance Company)
Name, License Number, and Power of Appointment number of the Surety Bondsman
What three things shown on a bail bond make it binding? - ANSWER Before what