FLORIDA BAIL BONDS STATE EXAM 2025
QUESTIONS WITH ANSWERS.
1. What percentage of the bond payment is recoverable through remission
after 2 years? - correct answer -50%
2. Breach - correct answer -Failure to perform as agreed
3. Jurisdiction - correct answer -The ability of the court to hear a case
4. Vacate - correct answer -Set Aside / Render void
5. Exonerate - correct answer -Release from duty or obligation
6. Liability - correct answer -Obligation that must be performed
7. Adjudicate - correct answer -to decide a matter based on evidence
,8. Disposition - correct answer -Final settlement
9. Judgement - correct answer -Court order for payment
10. What types of collateral may be accepted on bonds of over
$50000? - correct answer -Stock in closed corporations
Patents, copyrights or trademarks
Additionally, collateral must also always include a promissory note,
indemnity agreement &/or a real property mortgage
11. In whos name must the collateral be taken? - correct answer
-the suretys name, with the bondsman as the fiduciary
12. How must cash collateral be held? - correct answer -Under
$5000 must be held in an account separate from any other funds belonging to
the surety company or the bondsman. OVER $5000 must be held by the
surety
13. What is the term (length) of an indemnity contract? - correct answer -
Indefinite
14. When does an Indemnity agreement become cancellable? - correct
answer -When the conditions of the bond are fulfilled
, 15. What information must appear on a collateral receipt? - correct
answer -- The date of the receipt
- The name of the Principal
- The numbers of the Powers attached to the bond
- The name of the indemnitor
- The name of who will hold the collateral
16. Upon proof of fulfillment of the obligation of the bond, what must the
bondsman do with the collateral? - correct answer - The collateral must be
returned to the Indemnitor or the person to whom it is assigned
17. How much time does the bondsman have to return collateral after the
obligation of the bond is fulfilled? - correct answer -21 days
18. If a bondsman is charged with a felony, what happens to their
license? - correct answer -It is suspended until the bondsmans case is
adjucated in their favor
19. What 4 types of dicsipline can the department of financial services
impose on a licensee? - correct answer -Permanent Revokation
Suspension for up to 2 years
Probation for up to 2 years
A fine
QUESTIONS WITH ANSWERS.
1. What percentage of the bond payment is recoverable through remission
after 2 years? - correct answer -50%
2. Breach - correct answer -Failure to perform as agreed
3. Jurisdiction - correct answer -The ability of the court to hear a case
4. Vacate - correct answer -Set Aside / Render void
5. Exonerate - correct answer -Release from duty or obligation
6. Liability - correct answer -Obligation that must be performed
7. Adjudicate - correct answer -to decide a matter based on evidence
,8. Disposition - correct answer -Final settlement
9. Judgement - correct answer -Court order for payment
10. What types of collateral may be accepted on bonds of over
$50000? - correct answer -Stock in closed corporations
Patents, copyrights or trademarks
Additionally, collateral must also always include a promissory note,
indemnity agreement &/or a real property mortgage
11. In whos name must the collateral be taken? - correct answer
-the suretys name, with the bondsman as the fiduciary
12. How must cash collateral be held? - correct answer -Under
$5000 must be held in an account separate from any other funds belonging to
the surety company or the bondsman. OVER $5000 must be held by the
surety
13. What is the term (length) of an indemnity contract? - correct answer -
Indefinite
14. When does an Indemnity agreement become cancellable? - correct
answer -When the conditions of the bond are fulfilled
, 15. What information must appear on a collateral receipt? - correct
answer -- The date of the receipt
- The name of the Principal
- The numbers of the Powers attached to the bond
- The name of the indemnitor
- The name of who will hold the collateral
16. Upon proof of fulfillment of the obligation of the bond, what must the
bondsman do with the collateral? - correct answer - The collateral must be
returned to the Indemnitor or the person to whom it is assigned
17. How much time does the bondsman have to return collateral after the
obligation of the bond is fulfilled? - correct answer -21 days
18. If a bondsman is charged with a felony, what happens to their
license? - correct answer -It is suspended until the bondsmans case is
adjucated in their favor
19. What 4 types of dicsipline can the department of financial services
impose on a licensee? - correct answer -Permanent Revokation
Suspension for up to 2 years
Probation for up to 2 years
A fine
