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Bail Agent Study Guide Questions with 100% Correct
Answers UPDATED!!!
"Transact" as applied to insurance includes:
A. Solicitation
B. Negotiations preliminary to execution
C. Execution of a contract of insurance
D. Transaction of matters subsequent to execution of the
contract
E. All of the above - ANSWER E. All of the above
Any person who transacts insurance without a valid license is
guilty of a misdemeanor punishable by a fine not exceeding fifty
thousand dollars.
T
F - ANSWER T
The commissioner shall begin providing information to the
Franchise Tax Board:
A. January 1, 2000
B. December 25, 2005
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C. July 1, 1987
D. July 1, 1980 - ANSWER C. July 1, 1987
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.
T
F - ANSWER T
The commissioner may deny an application for any license if:
A. An applicant is not properly qualified to perform the duties
of a person holding the license applied for.
B. The granting of the license will be against public interest.
C. The applicant is not of good business reputation.
D. The applicant is lacking in integrity.
E. All of the above. - ANSWER E. All of the above
The commissioner may without hearing, deny an application if
the applicant has:
A. Committed a felony as shown by conviction.
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B. Committed a misdemeanor denounced by the insurance
code.
C. Had a previous application of license denied within five years
of the date of filing of the application on grounds that should
preclude the granting of the license.
D. Had a previously issued license suspended or revoked for
cause within the last five years.
E. All of the above. - ANSWER E. All of the above
The application is automatically denied without prejudice if the
filing is not complete within:
A. 1 year
B. 3 years
C. 5 years
D. 7 years - ANSWER A. 1 year
If an applicant is caught cheating on an examination, the
commissioner shall bar any candidate from taking any license
examination for a period of:
A. 1 year
B. 3 years
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C. 5 years
D. 7 years - ANSWER C. 5 years
Every licensee shall give notice of address change to the
commissioner:
A. Within 5 days
B. Within 10 days
C. Within 30 days
D. Immediately - ANSWER D. Immediately
All funds received, by any person acting as a licensee, as
premium shall be held in a _________________ capacity.
A. Savings
B. Fiduciary
C. Interest
D. Thoughtful - ANSWER B. Fiduciary
How are fiduciary funds Kept?
A. In an account from a bail agents' personal assets.
B. In a savings account.
Bail Agent Study Guide Questions with 100% Correct
Answers UPDATED!!!
"Transact" as applied to insurance includes:
A. Solicitation
B. Negotiations preliminary to execution
C. Execution of a contract of insurance
D. Transaction of matters subsequent to execution of the
contract
E. All of the above - ANSWER E. All of the above
Any person who transacts insurance without a valid license is
guilty of a misdemeanor punishable by a fine not exceeding fifty
thousand dollars.
T
F - ANSWER T
The commissioner shall begin providing information to the
Franchise Tax Board:
A. January 1, 2000
B. December 25, 2005
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C. July 1, 1987
D. July 1, 1980 - ANSWER C. July 1, 1987
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.
T
F - ANSWER T
The commissioner may deny an application for any license if:
A. An applicant is not properly qualified to perform the duties
of a person holding the license applied for.
B. The granting of the license will be against public interest.
C. The applicant is not of good business reputation.
D. The applicant is lacking in integrity.
E. All of the above. - ANSWER E. All of the above
The commissioner may without hearing, deny an application if
the applicant has:
A. Committed a felony as shown by conviction.
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B. Committed a misdemeanor denounced by the insurance
code.
C. Had a previous application of license denied within five years
of the date of filing of the application on grounds that should
preclude the granting of the license.
D. Had a previously issued license suspended or revoked for
cause within the last five years.
E. All of the above. - ANSWER E. All of the above
The application is automatically denied without prejudice if the
filing is not complete within:
A. 1 year
B. 3 years
C. 5 years
D. 7 years - ANSWER A. 1 year
If an applicant is caught cheating on an examination, the
commissioner shall bar any candidate from taking any license
examination for a period of:
A. 1 year
B. 3 years
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C. 5 years
D. 7 years - ANSWER C. 5 years
Every licensee shall give notice of address change to the
commissioner:
A. Within 5 days
B. Within 10 days
C. Within 30 days
D. Immediately - ANSWER D. Immediately
All funds received, by any person acting as a licensee, as
premium shall be held in a _________________ capacity.
A. Savings
B. Fiduciary
C. Interest
D. Thoughtful - ANSWER B. Fiduciary
How are fiduciary funds Kept?
A. In an account from a bail agents' personal assets.
B. In a savings account.
