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Bail bonds test questions and well detailed answers
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Bail bonds test questions and well detailed answers Presenting any information to the public that is false or untrue, deceptive or misleading is: - A - Unfair Trade Practice B - Misrepresentation and false advertising To meet requirements, those who apply for a Surety bail License must: - Must submit to a written examination. An Insurance license is considered inactive when the fees are paid but: - License is null and void Which statement is true of Build-Up Funds? - The fund shall not exceed forty percent of the premium. A Surety Bail Bond Agent cannot deliver and execute a bond for how many days after the license is initially issued? - 180 days An Insurance license is considered inactive when the fees are paid but: - License is null and void A non-admitted insurer is a/an - A - Domestic Insurer B - Alien Insurer C - Foreign Insurer The Director of the Department of Insurance has the following duties except - Setting insurance rates A Surety Bail Bond Agent has how many days to report to the Department of Insurance any convictions or crimes other than minor traffic offenses? - 30 days
How much continuing education must a Surety Bail Agent complete? - 7 hours every year Engaging in any fraudulent or dishonest or coercive practice in connection with the business of Insurance is a crime in the State of Ohio, if this crime crosses state lines, where will the parties be prosecuted? - Federal court If the Director of Insurance finds an agent guilty of Unfair Trade Practices, he may - A - Order the insurer, agent, or agency to pay expenses incurred by the Director for the investigation. B - Order the person or company to cease and desist C - Suspend or revoke their license What are the requirements for a person to apply for a Surety Bail license? - Be a person of high character and integrity. Who is responsible to show proof that the continuing education has been completed? - The Individual Licensee To transact surety business in the State of Ohio, the Ohio Department of Insurance must issue - Certificate of authority Which persons are prohibited from executing bail bonds? - A - Employees of detention centers. B - Court employees. Surety Bail Bond Agents shall maintain all record of Surety Bonds executed or countersigned by the agent for: - Three years
How long shall a Surety Bail Bond Agent maintain his records? - Three years after the bond is over The intentional misrepresentation, deceit, or concealment of a material fact know to a person with intentions of causing injury to the other party is called: - Fraud A verbal agreement that sets the conditions of the agreement are: - Informal When the applicant applies for a Surety Bail Bond by completing the application, this is considered - Offer What are three types of authority that a Surety Bail Bond Agent has? - Express, implied and apparent Where does a Build-Up fund have to be deposited? - In a federally insured bank or savings and loan. When a judge releases a defendant after the defendant promises to re - Recognizance What may a Surety Bail Bond Agent not do? - A - Wear a shirt or jacket with his company logo to the jail B - Act as an attorney for his bond client C - Tell a bond client which attorney to use Where does a Surety Bail Bond Agent have to register in order to execute surety bail bonds in a county? - C - With the Clerk of Court D - With the Clerk of Court of the Common Pleas Court Which of the following are unfair trade practices: - A - Charging fees based on sex religion, creed, or national origin. B - Giving a defendant a rebate if you bond him out.
C - Telling potential clients that a competitor charges higher premium (rates) to bond out. How much notice does the surety bail bond agent have to give the principal and the co- signers in order to convert the collateral deposit into cash? - Ten days What actions is not prohibited for Surety Bail Bond Agents - Placing an advertisement in the telephone book Who cannot arrest a Fugitive Bond Jumper in this state when the bond was written in another state? - A private investigator licensed in this state Acceptable forms of collateral are: - A - Cash B - Real property C - Promissory note D - Indemnity agreement Which statement is true about property bonds? - The defendant can only post his own property with the court Who is always the obligee on a bail bond in the State Court? - State of Ohio Which statements are not true? - You can forfeit the bond amount on a felony with no other consequences Who gets the interest earned on cash collateral? - The Surety Bail Bond Agent The first page of a Surety Bail Bond Contract is called: - The Application What is the procedure whereby the accused I brought before the court to plead to the criminal charge in the indictment or information? - Arraignment
When should collateral be returned to the indemnitor? - When the Surety has been discharged of all liability by the court What is it to remain free on bond pending review of the judicial action of the inferior court?