Bail Agent Study Guide Questions With Correct Answers

Bail Agent Study Guide Questions With Correct
Answers
"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 |- |VERIFIED |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 |- |VERIFIED |ANSWER✔✔-T

The |commissioner |shall |begin |providing |information |to |the |Franchise |Tax |Board:
A. |January |1, |2000
B. |December |25, |2005
C. |July |1, |1987
D. |July |1, |1980 |- |VERIFIED |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 |- |VERIFIED |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. |- |VERIFIED |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.
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. |- |VERIFIED |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 |- |VERIFIED |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
C. |5 |years
D. |7 |years |- |VERIFIED |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 |- |VERIFIED |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 |- |VERIFIED |ANSWER✔✔-B. |Fiduciary

How |are |fiduciary |funds |Kept?
A. |In |an |account |from |a |bail |agents' |personal |assets.
B. |In |a |savings |account.
C. |In |a |non-interest |bearing |account.
D. |All |of |the |above |are |correct. |- |VERIFIED |ANSWER✔✔-D. |All |of |the |above

If |a |person |named |under |a |license |held |by |an |organization |commits |any |act |there |is |ground
|for |suspension |or |revocation |of |the |license, |the |action |may |be |taken |against |the |

organization.
T
F |- |VERIFIED |ANSWER✔✔-T

A |licensee |may |elect |in |writing |to |pay |a |specified |money |penalty |in |lieu |of |a |license |
suspension:
A. |Four |thousand |dollars |($4,000) |for |each |offense.
B. |Twenty |thousand |dollars |($20,000) |in |the |aggregate |for |all |offenses |involved |in |any |one |
proceeding.
C. |Thirty |percent |of |the |gross |commissions |on |insurance |transacted |by |the |licensee |in |the |
preceding |calendar |year.
D. |Any |amount |proven, |or |admitted, |in |the |proceedings |to |have |been |received |and |retained
|by |the |licensee |in |violation |of |this |code.

E. |All |of |the |above. |- |VERIFIED |ANSWER✔✔-E. |All |of |the |above

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.
A. |5 |days
B. |10 |days
C. |15 |days
D. |30 |days |- |VERIFIED |ANSWER✔✔-B. |10 |days

Within |_______ |after |an |order, |the |subject |person |may |file |with |the |commissioner |an |
application |for |a |hearing. |
A. |5 |days
B. |10 |days
C. |15 |days
D. |30 |days |- |VERIFIED |ANSWER✔✔-D. |30 |days

If |the |commissioner |fails |to |commence |the |hearing |within |________ |after |the |application |is |