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MO BAIL BOND FINAL EXAM 2025
LATEST REAL QUESTIONS AND
CORRECT ANSWERS GRADE A
"Transact" as applied to insurance includes? - CORRECT ANSWER - Negotiations preliminary to execution
- Execution of a contract of insurance
- Solicitation
- Transaction of matters subsequent to execution of the contract. Any person who transacts insurance without a valid license is guilty of what? a misdemeanor punishable by a fine not exceeding fifty thousand dollars. - CORRECT ANSWER a misdemeanor punishable by a fine not exceeding fifty thousand dollars. The commissioner shall begin providing information to the Franchise Tax Board: - CORRECT ANSWER July 1, 1987 Except as provided in Section 1669, a license shall not be denied without an? - CORRECT ANSWER Opportunity to the applicant to be heard in support of their application. When may the commissioner deny an application for any license? - CORRECT ANSWER - An applicant is not properly qualified to perform the duties of a person holding the license applied for. - The granting of the license will be against public interest - The applicant is not of good business reputation.
- The applicant is lacking in integrity How are fiduciary funds kept? - CORRECT ANSWER - In an account separate from a bail agents' personal assets
- In a saving account
- In a non-interest bearing account What happens if the person named under a license held by an organization commits any act that is ground for suspension or revocation of the license? - CORRECT ANSWER The action may be taken against the organization.
A licensee may elect in writing to pay a specified money penalty in lieu of a license suspension: - CORRECT ANSWER - $4,000 for each offense
- $20,000 in the aggregate for all offenses involved in any one proceeding
- 30% of the gross commissions on insurance transacted by the licensee in the preceding calendar year.
- Any amount proven, or admitted, in the proceeding to have been received and retained by the licensee in violation of this code. How many days after, a subject person has been served with an order of suspension, can the person apply to the superior court for a stay of the order? - CORRECT ANSWER 10 Days How many days after an order can the subject person file with the commissioner for an application for a hearing? - CORRECT ANSWER 30 days What size bond is required for a bail agent? - CORRECT ANSWER $1, What must every applicant, for a license to act as a bail agent, file with the commissioner? - CORRECT ANSWER "Notice of Appointment" executed by a surety A bail licensee may purchase and use the business DBA of another if the predecessor has conducted the business for a period of? - CORRECT ANSWER 2 consecutive years or more What size bond is required for a bail permitted person? - CORRECT ANSWER $5, A bail solicitor may: - CORRECT ANSWER Only conduct business under the name of their employer What size bond is required for a bail solicitor? - CORRECT ANSWER $1, The provision of law relating to unlawful rebates: - CORRECT ANSWER Shall not apply to commissions paid or exchanged between bail licensees
An Insurance license is considered inactive when the fees are paid but: - CORRECT ANSWER License is null and void A non-admitted insurer is a/an - CORRECT ANSWER A - Domestic Insurer B - Alien Insurer C - Foreign Insurer The Director of the Department of Insurance has the following duties except - CORRECT ANSWER 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? - CORRECT ANSWER 30 days How much continuing education must a Surety Bail Agent complete? - CORRECT ANSWER 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? - CORRECT ANSWER Federal court If the Director of Insurance finds an agent guilty of Unfair Trade Practices, he may
- CORRECT ANSWER 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? - CORRECT ANSWER Be a person of high character and integrity. Who is responsible to show proof that the continuing education has been completed? - CORRECT ANSWER The Individual Licensee To transact surety business in the State of Ohio, the Ohio Department of Insurance must issue - CORRECT ANSWER Certificate of authority
Which persons are prohibited from executing bail bonds? - CORRECT ANSWER 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: - CORRECT ANSWER Three years If a Surety Bail Bond Agent countersigns a Surety Bail Bond and sent an office secretary to go to the court house or jail to post a bond, this is: - CORRECT ANSWER Not allowed Timely manner to fulfill a refund obligation is - CORRECT ANSWER 30 days Offering to divide and commission from the business of Surety Bail Bonds is called - CORRECT ANSWER Rebating When may the Director of the Ohio Department of Insurance make an examination of the financial conditions of a domestic insurance company transacting business within the State of Ohio? - CORRECT ANSWER Whenever they deem necessary The surrender by one state or country to another of an individual accused of a crime is called: - CORRECT ANSWER Extradition The detaining of a person by virtue of lawful process or authority is called: - CORRECT ANSWER Custody formal written accusation originating with the prosecutor and issued by a grand jury against a party charged with a crime is called: - CORRECT ANSWER Indictment Which of the following statements is false? - CORRECT ANSWER The surety bail bond agent can collect interest on collateral for his own benefits. The power of the court to take cases from particular geographical are and limits the boundaries is what jurisdiction? - CORRECT ANSWER Limited
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? - CORRECT ANSWER Ten days What actions is not prohibited for Surety Bail Bond Agents - CORRECT ANSWER 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? - CORRECT ANSWER A private investigator licensed in this state Acceptable forms of collateral are: - CORRECT ANSWER A - Cash B - Real property C - Promissory note D - Indemnity agreement Which statement is true about property bonds? - CORRECT ANSWER The defendant can only post his own property with the court Who is always the obligee on a bail bond in the State Court? - CORRECT ANSWER State of Ohio Which statements are not true? - CORRECT ANSWER You can forfeit the bond amount on a felony with no other consequences Who gets the interest earned on cash collateral? - CORRECT ANSWER The Surety Bail Bond Agent The first page of a Surety Bail Bond Contract is called: - CORRECT ANSWER 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? - CORRECT ANSWER Arraignment
Who may surrender the defendant to the court? - CORRECT ANSWER A - Surety B - Obligee C - Principal Prior to Apprehending, detaining or arresting the fugitive bond jumper, who has to be notified? - CORRECT ANSWER The local law enforcement agency What type of bond is the same as personal recognizance? - CORRECT ANSWER Non-Surety Bond The defendant or person whose performance is being guaranteed is the: - CORRECT ANSWER Principal In Forfeiture Proceedings, how long does the Surety have from the date of judgment to file notice of appeal? - CORRECT ANSWER 30 days What must a Surety Bail Bond Agent do before executing a bail bond? - CORRECT ANSWER B - Charge the premium rate filed C - Disclose the expense fee that will be charged The co-signer that guarantees the surety against financial loss is called - CORRECT ANSWER Indemnitor What type of bond occurs when the defendant remains free on bond pending review of the judicial action of the inferior court? - CORRECT ANSWER Appeal Bond How should the accused be notified in case of forfeiture? - CORRECT ANSWER By certified mail, return receipt Who determines if a forfeiture should be returned back to the Surety Bail Bond Agent? - CORRECT ANSWER The trial court or magistrate What is Collateral? - CORRECT ANSWER Real or personal property used to indemnify the Surety Bail Bond Agent When should collateral be returned to the indemnitor? - CORRECT ANSWER When the Surety has been discharged of all liability by the court
What information must appear on a bondsman sign? - CORRECT ANSWER Business name and name of each licensed bondsmen employed there. If in a building with a directory, business name should appear What may be required of the bondsmen before a suspended license is reinstated?
- CORRECT ANSWER Take basic certification and/or correspondence co List the five elements of fraud. - CORRECT ANSWER False statement must be made. The party who makes the statement must know that is untrue. The party making the statement must intend the other party to believe the falsehood. The other party must accept the false statement as true. The other party must be damaged as a result. At what point does an indemnity contract become cancelable? - CORRECT ANSWER Within 10 days after bond is satisfied or forfeiture d Define "felony" - CORRECT ANSWER A crime punishable by death or a term of years in prison Define "Fraud" - CORRECT ANSWER Intentional deception Define "Adjudicate" - CORRECT ANSWER To decide a matter on evidence When is the amount of bail considered just right? - CORRECT ANSWER When the defendant can afford it but now afford to lose it Name the criminal defendant's bonds. - CORRECT ANSWER Bail Bonds Appeal Bonds Supersedeas Bonds Habeas Corpus Bonds Extradition Bonds Ne Exeat Bonds According to F.S. 648.442 and Rule 4-221.135 what types of collateral may be accepted on bonds over $50,000? - CORRECT ANSWER A. Promissory note B. Real property mortgage C. Indemnity agreement D. Any other security approved by the council E. All the above
Define "Agency" - CORRECT ANSWER Relationship in which one person acts on behalf of another
- Define "Premium" - CORRECT ANSWER Fee received as payment for bond In what places may a bondsman NOT solicit business? - CORRECT ANSWER In or around any place where prisoners are confined or on the grounds For what three reasons may a foreiture be dischaged within 60 days? - CORRECT ANSWER 1.Defendant unable to appear for a valid reason 2.Defendant insane 3.Defendant re arrested Define "Nolle Prosequi " - CORRECT ANSWER Unwilling to prosecute Define 'Vacate" - CORRECT ANSWER Set aside; render void Define "obligee" - CORRECT ANSWER Person whom an obligation is owed Define "General Agent" - CORRECT ANSWER Person appointed by a surety company to supervise agents Define "Breach" - CORRECT ANSWER Fail to perform as agreed Define"Misappropriation" - CORRECT ANSWER Taking another's property for one's own use Define "Indictment" - CORRECT ANSWER True bill of a grand jury Define "Willful" - CORRECT ANSWER Intentional, not accidental What information must be shown on a premium receipt? - CORRECT ANSWER The date Name of principal Amount of money was received Purpose of money was received Renal sum of bond
The MO Director of Insurance is appointed by the: - CORRECT ANSWER Governor If the Director of Insurance decides to examine the affairs and good faith of an agent in MO, the cost of the examination will be borne by: - CORRECT ANSWER The company being examined If the director believes that a person in engaging in, or has taken substantial steps toward engaging in an act, practice, omission of course of business, violating constitution of the laws of the state to bail bond in this state the director can take the case to court and, if is found showing guilty, the court may: - CORRECT ANSWER (Section 374.044) Look up An agent who changes address of name must notify the director of the change within: - CORRECT ANSWER 30 Days How long is the 24 hours of initial basic training good for prior to taking test? - CORRECT ANSWER 1 year Can the director hold a position as officer, agent, or be an employee of an insurance company? - CORRECT ANSWER No, but he can be a policy holder May the director hold the full power and authority to make all reasonable rules and regulations? - CORRECT ANSWER Yes At what point is a bondsman no longer responsible for a bond? - CORRECT ANSWER When the case is disposed Can the director make laws? - CORRECT ANSWER No. The director abides by the law. Within how many days after receiving a commission, before entering upon the duties of the office, shall the director take the oath of office?
- CORRECT ANSWER 20 days Who has the power to release bail bondsmen from the bond? - CORRECT ANSWER The judge, or the sheriff if the judge isn't there
True or False: Any agent who is licensed in another state shall be subject to the same training requirements as in-state agents. - CORRECT ANSWER True Who has permission to write the power of attorney? - CORRECT ANSWER The Bail Bondsman The term Surety refers to: - CORRECT ANSWER The Bail Bondsman The purpose of a bail bond is to: - CORRECT ANSWER provide some kind of guarantee that the suspect will appear to answer for charges at a later date Who is responsible for paying the bail bond amount when it goes to forfeiture? - CORRECT ANSWER The General Who is not eligible to bail: - CORRECT ANSWER Illegal Aliens What will prohibit you from holding a bail bond or surety recovery license? - CORRECT ANSWER Not having a diploma or GED How often is a bail bond or surety license renewed? - CORRECT ANSWER Biannually What does a surety recovery agent have the ability to do? - CORRECT ANSWER Request copy of the certified bond from a county clerk A bail bondsman has the authority to do what? - CORRECT ANSWER Offer a discount in order to secure a bond The term fiduciary means: - CORRECT ANSWER Person appointed by the court to handle the affairs...?? What is an indemnitor? - CORRECT ANSWER The Obligor on the bond contract If a trial is located in a different area from where the defendant was originally bonded out, who does the bail become payable to when it goes to forfeiture? - CORRECT ANSWER The court in which the case is written for
The body of judicial precedent historically built on legal reasoning and past interpretations of statutory laws that serves as a guide to decision making, especially in court: - CORRECT ANSWER Case Law If someone already has a bail bond license in another line, are they still required to obtain a license in Missouri? - CORRECT ANSWER Yes How old do you have to be to be a surety recovery agent? - CORRECT ANSWER 21 Who else has to approve the appointment of the Director of Insurance?
- CORRECT ANSWER The Senate How long does the appointment of Director of Insurance run? - CORRECT ANSWER Concurrently with the Governor Who can remove the Director of Insurance from office? - CORRECT ANSWER The Governor If a vacancy occurs for Director of Insurance, what is the process for a new appointment? - CORRECT ANSWER The Governor with confirmation from the Senate Can the DOI also hold any interest in insurance or assurance companies? - CORRECT ANSWER No Is it necessary for the DOI to get other approval to make all rules for the insurance department? - CORRECT ANSWER No Does the DOI need approval to withdraw or ammend rules? - CORRECT ANSWER No If a new rule is to be adopted, how many days notice is needed prior to a hearing?
- CORRECT ANSWER At least 13
Who will be notified of the hearing for any new rules, ammendments, or withdrawls? - CORRECT ANSWER Persons who have made timely requests to the Department of Insurance What information is given to people notified of hearings? - CORRECT ANSWER Terms of proposed regulation Time and Place of Hearing A place to present your views
