Bail Bonds Test Questions and Answers, Exams of Nursing

Download Bail Bonds Test Questions and Answers and more Exams Nursing in PDF only on Docsity! Bail bonds test questions and answers rated A Presenting any information to the public that is false or untrue, deceptive or misleading is: - correct answer ✅A - Unfair Trade Practice B - Misrepresentation and false advertising To meet requirements, those who apply for a Surety bail License must: - correct answer ✅Must submit to a written examination. An Insurance license is considered inactive when the fees are paid but: - correct answer ✅License is null and void Which statement is true of Build-Up Funds? - correct answer ✅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? - correct answer ✅180 days 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 Bail bonds test questions and answers rated A 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 Bail bonds test questions and answers rated A 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 The power that the public assumes the agent to have is? - correct answer ✅Apparent An order issued from a court requiring the performance of a specific act, giving authority to have it done is called. - correct answer ✅Writ Bail bonds test questions and answers rated A How long shall a Surety Bail Bond Agent maintain his records? - correct answer ✅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: - correct answer ✅Fraud A verbal agreement that sets the conditions of the agreement are: - correct answer ✅Informal When the applicant applies for a Surety Bail Bond by completing the application, this is considered - correct answer ✅Offer What are three types of authority that a Surety Bail Bond Agent has? - correct answer ✅Express, implied and apparent Where does a Build-Up fund have to be deposited? - correct answer ✅In a federally insured bank or savings and loan. Bail bonds test questions and answers rated A When a judge releases a defendant after the defendant promises to re - correct answer ✅Recognizance What may a Surety Bail Bond Agent not do? - correct answer ✅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? - correct answer ✅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: - correct answer ✅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. Bail bonds test questions and answers rated A 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 Bail bonds test questions and answers rated A 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 is it to remain free on bond pending review of the judicial action of the inferior court? - correct answer ✅A - Bail B - Appeal C - Consideration Bail bonds test questions and answers rated A What is the most important tool the Surety Bail Bond Agent possesses in underwriting the bond? - correct answer ✅The Application If the accused is arrested after the bail amount is paid to the Court before the judgment but after the forfeiture, what happens to the money? - correct answer ✅It is kept by the court Once the obligation of the Surety on the bond is released in writing and a discharge is provided, when shall the collateral security be returned? - correct answer ✅Within 21 days after the discharge is provided What is a personal surety bond? - correct answer ✅When an individual agrees to be answerable for his own debt or actions.