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 CORRECT 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 CORRECT 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 CORRECT 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