NC Bail Bonds Exam Questions and Answers Latest Update 2025
What are the 3 areas of bail bond law? - Answers Chapter 15A, Article 26
Chapter 58, Article 71
NC Administrative Code
What NC agency is in charge of regulating bail bondsmen and runners? - Answers NC Department of
Insurance
Who is the NC Commissioner of Insurance? - Answers Wayne Goodwin
What persons are prohibited from becoming licensed as bail bondsmen or runners? - Answers 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 is the purpose of a bail bond? - Answers To assure the appearance of the defendant in court
What are the consequences of a bail bond? - Answers 1) Forfeiture of bail
2) Order for arrest
What is the definition of a bail bond? - Answers An undertaking by the principal to appear in court upon
penalty of forfeiting bail
What are the types of bail bond? - Answers 1) Unsecured
2) Premium Secured
3) Cash Deposit
4) Mortgage
What can a bail bond be used for other than the release of a person from jail? - Answers Release of a
motor vehicle from impoundment
What are the different types of bail bondsman? - Answers 1) Accommodation bondsman
2) Surety bondsman
3) Professional bondsman
What is the definition of Commissioner? - Answers The NC Commissioner of Insurance
What is the definition of an obligor? - Answers A principal or surety on a bond
, What is the definition of a surety? - Answers One who with the principal is liable for the amount of the
bail bond upon forfeiture
What are the 3 types of sureties? - Answers 1) Professional Bondsman
2) Accommodation Bondsman
3) Insurer (Insurance Company)
When a person is arrested, what form shows the charge, time, and location to appear in court? -
Answers Conditions of release
What form is the conditions of release transferred to for the release of a defendant? - Answers The
Appearance bond
What does the bond affidavit provide information on? - Answers Premium and Collateral
What is the maximum bail bond premium that can be charged? - Answers 15%
What are the only 2 things of value a bondsman can accept for posting a bond? - Answers Premium or
Collateral
What is collateral? - Answers Something of value to indemnify or protect the bondsman in the event of
forfeiture
What are the different types of collateral? - Answers 1) Money or other negotiable instrument
2) Personal Property
3) Real Property
4) Indemnity agreement
How much collateral is a bondsman allowed to take for posting a bonds? - Answers 100%
What is a collateral trust account? - Answers A bank account for cash collateral received on bail bonds
If collateral is taken, what is required on the receipt? - Answers A full description and value of the
collateral
When must collateral be returned? - Answers Within 72 hours after final termination of liability on the
bond
What is the requirement of returning collateral other than cash? - Answers It must be returned in the
same condition as requested and received by the bondsman
What are the requirements for holding cash, check, or other negotiable instruments as collateral? -
Answers It must be held in a trust account in a NC bank
What are the 3 areas of bail bond law? - Answers Chapter 15A, Article 26
Chapter 58, Article 71
NC Administrative Code
What NC agency is in charge of regulating bail bondsmen and runners? - Answers NC Department of
Insurance
Who is the NC Commissioner of Insurance? - Answers Wayne Goodwin
What persons are prohibited from becoming licensed as bail bondsmen or runners? - Answers 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 is the purpose of a bail bond? - Answers To assure the appearance of the defendant in court
What are the consequences of a bail bond? - Answers 1) Forfeiture of bail
2) Order for arrest
What is the definition of a bail bond? - Answers An undertaking by the principal to appear in court upon
penalty of forfeiting bail
What are the types of bail bond? - Answers 1) Unsecured
2) Premium Secured
3) Cash Deposit
4) Mortgage
What can a bail bond be used for other than the release of a person from jail? - Answers Release of a
motor vehicle from impoundment
What are the different types of bail bondsman? - Answers 1) Accommodation bondsman
2) Surety bondsman
3) Professional bondsman
What is the definition of Commissioner? - Answers The NC Commissioner of Insurance
What is the definition of an obligor? - Answers A principal or surety on a bond
, What is the definition of a surety? - Answers One who with the principal is liable for the amount of the
bail bond upon forfeiture
What are the 3 types of sureties? - Answers 1) Professional Bondsman
2) Accommodation Bondsman
3) Insurer (Insurance Company)
When a person is arrested, what form shows the charge, time, and location to appear in court? -
Answers Conditions of release
What form is the conditions of release transferred to for the release of a defendant? - Answers The
Appearance bond
What does the bond affidavit provide information on? - Answers Premium and Collateral
What is the maximum bail bond premium that can be charged? - Answers 15%
What are the only 2 things of value a bondsman can accept for posting a bond? - Answers Premium or
Collateral
What is collateral? - Answers Something of value to indemnify or protect the bondsman in the event of
forfeiture
What are the different types of collateral? - Answers 1) Money or other negotiable instrument
2) Personal Property
3) Real Property
4) Indemnity agreement
How much collateral is a bondsman allowed to take for posting a bonds? - Answers 100%
What is a collateral trust account? - Answers A bank account for cash collateral received on bail bonds
If collateral is taken, what is required on the receipt? - Answers A full description and value of the
collateral
When must collateral be returned? - Answers Within 72 hours after final termination of liability on the
bond
What is the requirement of returning collateral other than cash? - Answers It must be returned in the
same condition as requested and received by the bondsman
What are the requirements for holding cash, check, or other negotiable instruments as collateral? -
Answers It must be held in a trust account in a NC bank
