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BAIL BONDS LOUISIANA TEST BRAND
NEW OFFICIAL QUESTIONS WITH
ANSWERS.
Valid Contract - correct answer -a contract that can be enforced
by either party
A criminal defendant's bond is a - correct answer -contract
Implied Authority - correct answer -authority given to the agent as
a result of the principals conduct, such as the principals earlier
acquiescence to the agent's actions
Express Authority - correct answer --see actual authority
that which is expressly written in the agent/agency contract
Actual Authority - correct answer -the authority which is expressly
given to an agent by contract and or by power of attorney
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Apparent Authority - correct answer -the authority which the public
may reasonably believe an agent to have
The following acts shall be punishable: - correct answer --
committing any fraudulent insurance act
-presenting/causing to be presented any written/ oral statement
-assisting, abetting, soliciting or conspiring with another
Statement - correct answer -includes but is not limited to any
notice, statement, proof of loss, bill of lading, receipt of property
damages, bill of services, etc
Fraudulent Insurance Act - correct answer -shall include but not
be limited to acts or omissions committed by any person who,
knowingly and with intent to defraud
The commissioner of insurance has the power to examine and
investigate into the affairs of every person engaged in the
business of insurance, including violations - correct answer -
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Fraud in the Inducement - correct answer -the result of false
statements made by one party to induce the other party to sign
the contract
the contract becomes voidable at the option of the defrauded
party
Fraud - correct answer -makes many forms and is exhibited in
many phases of human conduct
Intentional deception resulting in damage to another
Voidable - correct answer -If one party has the option of enforcing
the contract or voiding it
Incarceration - correct answer -the confinement in a jail or prison
Misdemeanor - correct answer -a crime which is punishable by a
fine or a term of one year or less in other than a state prison. Less
serious than a felony
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In bail, no taxes are paid on premiums because it is actually
___% of the bond and ____% to the state - correct answer -10%;
2%
2 steps for adding a trade name - correct answer -1. Register the
name with the Louisiana Secretary of State
2. Complete and submit the change of record form
Trade Name - correct answer -cannot include terms such as "Inc",
"Corp", "Limited", or "LLC" or any phrase that is required to be a
part of the name of a corporation
The commissioner of insurance may issue a temporary producers
license for a period not to exceed 180 days without requiring an
examination if the commissioner deems that the temporary
license is necessary for the servicing of an insurance business -
correct answer -
Commissioner will issue temporary license for the following
reasons: - correct answer -if deceased-to surviving spouse, next
of kin, administrator or executor employee of license producer
if license producer is mentally/ physically disabled
BAIL BONDS LOUISIANA TEST BRAND
NEW OFFICIAL QUESTIONS WITH
ANSWERS.
Valid Contract - correct answer -a contract that can be enforced
by either party
A criminal defendant's bond is a - correct answer -contract
Implied Authority - correct answer -authority given to the agent as
a result of the principals conduct, such as the principals earlier
acquiescence to the agent's actions
Express Authority - correct answer --see actual authority
that which is expressly written in the agent/agency contract
Actual Authority - correct answer -the authority which is expressly
given to an agent by contract and or by power of attorney
, Page | 2
Apparent Authority - correct answer -the authority which the public
may reasonably believe an agent to have
The following acts shall be punishable: - correct answer --
committing any fraudulent insurance act
-presenting/causing to be presented any written/ oral statement
-assisting, abetting, soliciting or conspiring with another
Statement - correct answer -includes but is not limited to any
notice, statement, proof of loss, bill of lading, receipt of property
damages, bill of services, etc
Fraudulent Insurance Act - correct answer -shall include but not
be limited to acts or omissions committed by any person who,
knowingly and with intent to defraud
The commissioner of insurance has the power to examine and
investigate into the affairs of every person engaged in the
business of insurance, including violations - correct answer -
, Page | 3
Fraud in the Inducement - correct answer -the result of false
statements made by one party to induce the other party to sign
the contract
the contract becomes voidable at the option of the defrauded
party
Fraud - correct answer -makes many forms and is exhibited in
many phases of human conduct
Intentional deception resulting in damage to another
Voidable - correct answer -If one party has the option of enforcing
the contract or voiding it
Incarceration - correct answer -the confinement in a jail or prison
Misdemeanor - correct answer -a crime which is punishable by a
fine or a term of one year or less in other than a state prison. Less
serious than a felony
, Page | 4
In bail, no taxes are paid on premiums because it is actually
___% of the bond and ____% to the state - correct answer -10%;
2%
2 steps for adding a trade name - correct answer -1. Register the
name with the Louisiana Secretary of State
2. Complete and submit the change of record form
Trade Name - correct answer -cannot include terms such as "Inc",
"Corp", "Limited", or "LLC" or any phrase that is required to be a
part of the name of a corporation
The commissioner of insurance may issue a temporary producers
license for a period not to exceed 180 days without requiring an
examination if the commissioner deems that the temporary
license is necessary for the servicing of an insurance business -
correct answer -
Commissioner will issue temporary license for the following
reasons: - correct answer -if deceased-to surviving spouse, next
of kin, administrator or executor employee of license producer
if license producer is mentally/ physically disabled
