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SC Bail Bondsman Study Guide || 100% Verified.

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SC Bail Bondsman Study Guide || 100% Verified.
Which of the following does not have the authority to regulate bail bondsman in the state of
South Carolina as defined in Title 38?

A) South Carolina Department of Insurance

B) Sate Law Enforcement Division

C) Sherriff

D) Clerks of court correct answers Sherriff

If a professional bondsman has the min amount of $10K pledged to the circuit of court, what
is the total amount of bail liability they may legally assume?

A) $100k
B) $5K
C) $40K
D) $80K correct answers $40K

___________is the annual registration fee for a bail bondsman outside of their home county?

A) $200
B) $100
C) $400
D) $150 correct answers $100

A licensee may be exempted from continuing education requirements if they meet which of
the following criteria?

A) 10 years of licensure

B) More than 55 years old

C) 20 Years of licensure and 60 years of age or older

D) 30 years of licensure correct answers 20 years of age and 60 years of age or older

TRUE OF FALSE: A bail bondsman licensed in another state relocating to SC DOES NOT
need to apply for a license to become a bondsman in SC correct answers FALSE

Which of the following may not appoint a runner?

A) Professional Bondsman
B) Supervising Bondsman
C)Surety Bondsman
D) A & C correct answers Supervising Bondsman

How many types of bondsman are in SC?

,A) 2
B) 1
C) 4
D) 3 correct answers 3

_________Is the application fee to obtain and renew a runner license each year there after.

A) $200
B) $40 (paid by insurer)
C) $400
D) $150 correct answers $200

TRUE OF FALSE: if at anytime the portion of security is greater than the liability held by the
courts a portion of this security may not be returned to the bondsman pro rat. correct answers
FALSE

A bail bondsman found to violate a cease and desist order willingly may be fined in the
amount of ______per day.

A) $75
B) $50
C) $100
D) $150 correct answers $100

TRUE OR FALSE: A bondsman must first register their license, qualifying power of
attorney, and $150 fee in the county before they may register their license in any other
county. correct answers True

TRUE OF FALSE: All bail bond licenses expire annually in July 1st respectively. correct
answers False

Professional bondsman must submit a report to all clerk of courts they conduct business in by
the_____of each month detailing all bonds they are liable for.

A) 30th
B) 1st
C) 10th
D) 15th correct answers 15th

TRUE OF FALSE: A bail bondsman may NOT refer a particular attorney. correct answers
TRUE

Which of the following is not a primary goal of the SC Department of Insurance?

A) Protect consumers
B) Underwrite Bail Bonds
C) promote a competitive insurance marketplace
D) Ensure the financial stability of insurance companies operating in the state correct answers
Underwrite Bail bonds

, A Bail Bondsman found to violate a cease and desist order unwillingly may be fined in the
amount of _____ per day.

A) $75
B) $50
C) $100
D) $150 correct answers $50

TRUE OR FALSE: The South Carolina Department of Insurance does not hold the authority
to audit bail bondsman. correct answers FALSE

An applicant seeking licensure as a bail bondsman in SC may apply for such a license how
many times after denial?

A) 0
B) 1
C) 5
D) unlimited correct answers Unlimited

_____is the annual registration fee for a bail bondsman in their home county.

A) $200
B) $100
C) $400
D) $150 correct answers $150

How does the Director of insurance obtain their position?

A) Hired by the state
B) Elected
C) Appointed by the Governor
D) Referred by county council correct answers Appointed by Governor

TRUE OR FALSE: A professional bondsman may use real property as its tax appraised value
to increase the security pledge to the circuit clerk of court. correct answers TRUE

The SC Department of Insurance shall conduct an audit on all insurers doing business in this
state at lease once every______ years

A) 5
B) 2
C) 10
D) 7 correct answers 5

A professional bondsman must maintain a minimum of _____ cash or certificates of deposit
pledged to the clerk of court in order to conduct business.

A) $5K
B) $25K

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