Bail exam Comprehensive
Questions (Frequently Tested)
with Verified Answers Graded
A+
"Transact" as applied to insurance includes - Answer: Solicitation, negotiations prior to
execution, the execution of an insurance contract, transactions of matters septic went to the
execution of contract
A person who diverts or appropriates funds held in trust for his or her own use is guilty of -
Answer: Theft
Any person who transacts insurance without a valid license is guilty of a misdemeanor
punishable by a fine not exceeding $50,000. True or False? - Answer: True
The commissioner shall begin providing information to the franchise tax board: - Answer: July 1,
1987
Except as provided in section 1669, a license shall not be denied without the opportunity to the
applicant to be heard in support of his or her application. True or false - Answer: True
Can the commissioner deny an application for any license if the applicant is not properly
qualified to perform the duties of a person holding the license applied for? - Answer: Yes
,Can the commissioner denying an application for any license if the granting of the license would
be against public interest? - Answer: Yes
Can the commissioner denying application for any license if the applicant is not a good business
reputation? - Answer: Yes
Can the commissioner deny an application for any license if the applicant is lacking integrity? -
Answer: Yes
Can the commissioner denied without any hearing an application if the applicant has committed
a felony As shown by conviction? - Answer: Yes
Can the commissioner deny an application without hearing if the applicant has committed a
misdemeanor denounced by the insurance code? - Answer: Yes
Can the commissioner denying application without hearing if the applicant has 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? - Answer: Yes
Can the commissioner deny an application without hearing if the applicant has had a previously
issued license suspended or revoked for cause within the last five years? - Answer: Yes
The application is automatically denied without prejudice if the filing is not completed within: -
Answer: 1 year
If an applicant is caught cheating on the examination, the commissioner shall bar any candidate
from taking any license examination for a period of - Answer: 5 years
Every license shall give notice of an address change to the commissioner: - Answer: Immediately
, All funds received by any person acting as a licensee, as premium shall be held in a
___________ capacity - Answer: Fiduciary
Are fiduciary funds kept in an account separate from a bail agents personal assets? - Answer:
Yes
Are fiduciary funds kept in savings account? - Answer: Yes
Are fiduciary funds kept in a non-interest bearing account? - Answer: Yes
If a person named under a license helped by an organization, commits any act that is grounds
for suspension or revocation of the license, the action may be taken against the whole
organization. True or false - Answer: True
Can a licensee elect in writing to pay a specified money penalty in Lou of a license suspension of
$4000 for each offense? - Answer: Yes
Can a licensee elect in writing to pay a specified money penalty in Lou of a license suspension of
$20,000 in total for one proceeding? - Answer: Yes
Can a licensee elect in writing to pay a specified money penalty in Lou of a license suspension of
30% of the gross commission in the prior calendar year? - Answer: Yes
Can a licensee elect in writing to pay a specified money penalty in Lou of a license suspension of
any amount proven, or admitted, in the proceeding to have been received and retained by the
licensee in the violation? - Answer: Yes
Questions (Frequently Tested)
with Verified Answers Graded
A+
"Transact" as applied to insurance includes - Answer: Solicitation, negotiations prior to
execution, the execution of an insurance contract, transactions of matters septic went to the
execution of contract
A person who diverts or appropriates funds held in trust for his or her own use is guilty of -
Answer: Theft
Any person who transacts insurance without a valid license is guilty of a misdemeanor
punishable by a fine not exceeding $50,000. True or False? - Answer: True
The commissioner shall begin providing information to the franchise tax board: - Answer: July 1,
1987
Except as provided in section 1669, a license shall not be denied without the opportunity to the
applicant to be heard in support of his or her application. True or false - Answer: True
Can the commissioner deny an application for any license if the applicant is not properly
qualified to perform the duties of a person holding the license applied for? - Answer: Yes
,Can the commissioner denying an application for any license if the granting of the license would
be against public interest? - Answer: Yes
Can the commissioner denying application for any license if the applicant is not a good business
reputation? - Answer: Yes
Can the commissioner deny an application for any license if the applicant is lacking integrity? -
Answer: Yes
Can the commissioner denied without any hearing an application if the applicant has committed
a felony As shown by conviction? - Answer: Yes
Can the commissioner deny an application without hearing if the applicant has committed a
misdemeanor denounced by the insurance code? - Answer: Yes
Can the commissioner denying application without hearing if the applicant has 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? - Answer: Yes
Can the commissioner deny an application without hearing if the applicant has had a previously
issued license suspended or revoked for cause within the last five years? - Answer: Yes
The application is automatically denied without prejudice if the filing is not completed within: -
Answer: 1 year
If an applicant is caught cheating on the examination, the commissioner shall bar any candidate
from taking any license examination for a period of - Answer: 5 years
Every license shall give notice of an address change to the commissioner: - Answer: Immediately
, All funds received by any person acting as a licensee, as premium shall be held in a
___________ capacity - Answer: Fiduciary
Are fiduciary funds kept in an account separate from a bail agents personal assets? - Answer:
Yes
Are fiduciary funds kept in savings account? - Answer: Yes
Are fiduciary funds kept in a non-interest bearing account? - Answer: Yes
If a person named under a license helped by an organization, commits any act that is grounds
for suspension or revocation of the license, the action may be taken against the whole
organization. True or false - Answer: True
Can a licensee elect in writing to pay a specified money penalty in Lou of a license suspension of
$4000 for each offense? - Answer: Yes
Can a licensee elect in writing to pay a specified money penalty in Lou of a license suspension of
$20,000 in total for one proceeding? - Answer: Yes
Can a licensee elect in writing to pay a specified money penalty in Lou of a license suspension of
30% of the gross commission in the prior calendar year? - Answer: Yes
Can a licensee elect in writing to pay a specified money penalty in Lou of a license suspension of
any amount proven, or admitted, in the proceeding to have been received and retained by the
licensee in the violation? - Answer: Yes
