Bail Bonds Pre-Licensing Exam Questions and Answers

Bail Bonds Pre-Licensing Exam Questions and Answers What are the 3 areas of bail bond law? Chapter 15A, Article 26 Chapter 58, Article 71 NC Administrative Code If there is a conflict between the areas of bail bond law, what is the order of authority? Chapter 15A, Article 26 Chapter 58, Article 71 N.C. Administrative Code What North Carolina agency is in charge of regulating bail bondsmen and runners? North Carolina Department of Insurance What official is the elected head of the North Carolina Department of Insurance? Commissioner of Insurance Who is the North Carolina Commissioner of Insurance? Mike Causey What persons are prohibited from becoming licensed as bail bondsmen or runners? Sheriff Deputy Sheriff Law Enforcement Officer Attorney Parole Officer Probation Officer Jailer Assistant Jailer Employee of the General Courts of Justice Other public employee assigned to the administration of criminal justice Nor the spouse of such person What are the two restrictions for persons prohibited from becoming bail bondsmen or runners? Shall not act as an agent for any bail bond company or bail bondsman Shall not have any financial interest, directly or indirectly, in any bail bond business What are the general qualifications for bail bondsmen and runners? Be 21 years of age or older High School Diploma or GED Be a resident of this state (NC) Have knowledge, training, or experience of sufficient duration and extent to provide the competence necessary to fulfill the responsibilities of a license Have no outstanding bail bond obligations Have on current or prior violations of any provision of Chapter 58 Article 71 or Chapter 15A Article 26 or any similar provision of law of any other state Not in any manner disqualified under the laws of this state or any other state to engage in the bail bond business Hold valid and current N.C. drivers license or N.C. identification card issued by the NCDMV What "proof of residency" documentation is required showing residential address? Pay stub Utility bill Written lease agreement/contract for purchase Receipt for person property taxes Receipt for real property taxes Monthly or quarterly statement from a financial institution How many documents must an applicant provide to show proof of residency? At least two What are two offenses for which the Commissioner shall deny an application or revoke a license? Conviction of a felony Conviction of a misdemeanor drug offense If your application is denied or you fail the exam, how long must you wait before reapplying or re-testing? One year Bail bond is divided into two parts. What does "bail" and "bond" mean? Bail is the security (monetary amount) required for the release of a defendant Bond is the obligation assumed by the one who posts bail What is the purpose of a bail bond? To assure the appearance of the defendant in court What are the consequences of a bail bond? Forfeiture of bail Order for arrest What is the definition of an accommodation bondsman? A person who: Shall not charge a fee (money) for posting a bond Shall not receive any consideration (money or anything of value) to keep for personal use as a condition of posting a bond Must show proof that property will cover the amount of the bond May require collateral Is not licensed In what ways can an accommodation bondsman post bonds? Cash or Property What is the definition of a bail bond? An undertaking by the principal to appear in court upon penalty of forfeiting bail What are the types of bail bond listed under the bail bond definition? Unsecured Premium secured Cash deposit Mortgage What can a bail bond be used for other than the release of a person from jail? Release of a motor vehicle from impoundment What is the definition of a bail bondsman? Surety Bondsman Professional Bondsman Accommodation Bondsman What is the definition of Commissioner? The North Carolina Commissioner of Insurance What is the definition of a first year licensee? Any person licensed as a bondsman or runner for a period of less than 12 months What is the definition of insurer? Any domestic, foreign, or alien surety company qualified generally to transact surety business and specifically to transact bail bond business in this State What is the definition of an obligor? A principal or surety on a bond What is the definition of a principal? A defendant or witness obligated to appear in court upon penalty of forfeiting bail under a bail bond What is the definition of a professional bondsman? Any person licensed by the Commissioner and who pledges cash or other securities with the Commissioner as security for bail bonds and receives or is promised money or other things of value for writing bail bonds What is the definition of a resident? A person who lives in this state for six consecutive months before applying for a bail bond license What is the definition of a runner? A person employed by a professional bail bondsmen for the purpose of: Assisting the bail bondsman in presenting the defendant in court when required, or to assist in the apprehension and surrender of the defendant to the court, or keeping the defendant under necessary surveillance, or to execute bail bonds on behalf of the licensed professional bondsman What is needed for the Runner to assist the Professional Bondsman? Power of Attorney What is the definition of a supervising bondsman? A professional bondsman or surety bondsman who employs or contracts with a new license What is the definition of a surety? One who with the principal is liable for the amount of the bail bond upon forfeiture What is the definition of a surety bondsman? A person licensed as a surety bondsman and is appointed by an insurer by a power of attorney to execute bail bonds and receives or is promised consideration for doing so What are two main differences between an accommodation bondsman and other bondsmen? Accommodation bondsman is not licensed Accommodation bondsman may not charge a fee or receive any consideration for posting a bond What are the main differences between a professional and surety bondsman? A professional bondsman is a surety, required to have a security deposit with the Commissioner A surety bondsman works for a surety, an insurance company (insurer) What bail bond licenses are issued by DOI? Professional bondsman license Surety bondsman license Runner license What are the three types of sureties? Professional Bondsman Accommodation Bondsman Insurer (Insurance Company) Who can supervise a first year licensee applying for a runner's license? A professional bondsman Who can supervise a first year licensee applying for a surety bondsman's license? A surety bondsman Before a bond can be posted, how shall the surety be qualified? As a professional bondsman or As an accommodation bondsman or As an insurer represented by a surety bondsman When a person is arrested, what form shows the charge, time and location to appear in court? Conditions of Release and Release Order and Release Order What form is the information on the "conditions of release" transferred to for the release of a defendant?