(Latest 2026/ 2027 Update) 100% Verified
Questions & Answers {Grade A}
Transact as applied to insurance includes - correct answer Solicitation, Negotiations
preliminary to execution, execution of a contract of insurance, Transaction of matters
subsequent to execution of the contract.
True of False? Any person who transacts insurance without a valid license is gulity of
a misdemeanor punishable by a fine not exceeding fifty thousand dollars. - correct
answer True
The Commissioner shall begin providing information to the Franchise Tax board -
correct answer July 1,1987
True or False: Except as provided in Section 1669,a license shall not be denied without
an opportunity to the applicant to be heard in support of his application. - correct
answer True
The Commissioner may deny an application for any license if: - correct answer An
applicant is not properly qualified to perform the duties of a person holding the
license applied for. The granting of the license will be against public interest. The
applicant is not of good business reputation. The applicant is lacking in integrity.
How are fiduciary funds kept? - correct answer In an account separate from a bail
agents' personal assets. In a savings account. In a non-interest bearing account .
, CA Bail Agent Licensing Practice Test
(Latest 2026/ 2027 Update) 100% Verified
Questions & Answers {Grade A}
A bail solicitor may - correct answer only conduct business under the name of his/her
employer
Any person who transact insurance without a valid license is guilty of a - correct
answer Misdemeanor punishable by a fine not exceeding $50000
As used in the ins. regs. bail or transactions of bail includes - correct answer a bail
bond release by means of depositing cash or property and in lieu of giving bail , an
undertaking of bail
Within ____ after an order, the subject person may file with the commissioner an
application of hearing - correct answer 30 Days
Within ___ after a subject person has been served with an order of suspension, the
person may apply to the superior court for a stay of the order. - correct answer 10
Days
If the commissioner fails to commence the hearing within___ after the application is
filed, the order shall be deemed rescinded as if it had not been issued. - correct
answer 15 Business days.