EXAM 2

6. As of July ________ no new runners license have been issued. A. 1995 B. 1993 C. 1985 D. None of the above

A. 1995

11. Which of the following is not a requirement to become a Limited Surety Agent? * A. Applicant must be aged 21 or older B. Applicant must be a high school graduate C. Applicant must be a resident of the State of Florida D. Applicant's place of business will be held in Florida and open during reasonable business hours

A. Applicant must be aged 21 or older

20. The governing statute regulating the bail bond examination is? A. F.S 648.38 B. F.S 101.5 C. F.S 93.3 D. F.S 95.1

A. F.S 648.38

1. Who regulates insurance companies and surety companies? * A. The Department of Financial Services B. The Insurance Advisory Board of Florida C. The Bail Bond Regulatory Department D. Both "A" & "B" are correct 1. Who regulates insurance companies and surety companies? *

A. The Department of Financial Services

17. What one feature of bail sets it apart from all other contracts? * A. The defendant is a party to the contract even if s/he does not sign it B. The plaintiff is a party to the contract even if s/he does not sign it C. Both the defendant and the plaintiff are parties to the contract even if neither signs it D. Both the defendant and the plaintiff must sign the contract or they are not bound by its terms

A. The defendant is a party to the contract even if s/he does not sign it

13. Which of the following means, an individual who is appointed by an insurer with power of attorney to execute or countersign bail bonds in connection with judicial proceedings, and who therefore receives, or is promised money or other things of value? * A. Primary Bail Bond Agent B. Limited Surety Agent C. Temporary Bail Bond Agent D. Insurer

B. Limited Surety Agent

15. In F.S. 648, any person who pledges U.S. currency, U.S. postal money orders, cashier's checks, or other property as security for bail bonds in judicial proceedings, and who receives or is promised money or other things of value therefore can be known as a? * A. Bail Bond Agent B. Professional Bail Bond Agent C. Temporary Bail Bond Agent D. None of the above

B. Professional Bail Bond Agent

8. Which is correct regarding premiums on bonds? * A. 10% on state bonds, 15% on federal bonds due to the lower risk to the surety B. 15% on state bonds, 10% on federal bonds due to the higher risk to the surety C. 10% on state bonds, 15% on federal bonds due to the higher risk to the surety D. None of the above Correct answer C. 10% on state bonds, 15% on federal bonds due to the higher risk to the surety

C. 10% on state bonds, 15% on federal bonds due to the higher risk to the surety

16. Which of the following is NOT allowed to work in the state of Florida? A. Bail Enforcement Agency B. Fugitive Recovery Agent C. Bounty Hunter D. Surety Agent

C. Bounty Hunter

9. _____________ means any individual, partnership, association, or corporation appointed or employed by an insurer to supervise? * A. Insurance Company B. Limited Surety Agent C. Managing General Agent D. All of the above

C. Managing General Agent

18. Who is the obligee in a bond when the crime is against the United States? A. The federal magistrate presiding over the case B. The special prosecutor appointed by the federal court having competent jurisdiction C. The President of the United States D. The governor of the state

C. The President of the United States

12. Within how many years prior to the date of his or her application must the applicant have successfully completed a basic certification course in the criminal justice system, consisting of not less than 120 hours, and has successfully completed a correspondence course for bail bond agents approved by the Department? * A. 1 year B. 2 years C. 3 years D. 4 years

D. 4 years

14. Which of the following means, to set free, release or discharge as from an obligation, burden or accusation? * A. Actus Reas B. Acquittal C. Adjudicate D. Acquit

D. Acquit

2. Which bond, if any, does not guarantee the defendant will appear in court? * A. Civil Contempt Bond B. Appearance Bond C. Ne Exeat Bond D. All bonds are written to guarantee the defendant will appear

D. All bonds are written to guarantee the defendant will appear

19. Regulation of bail comes under which of the following? * A. 648 of the Florida Statutes B. Chapter 69B-221 of the Administrative Rules of the insurance commissioner C. Chapter 903 Florida Statutes D. All of the above

D. All of the above

3. Which of the following may be correct about bail bond agents qualifications? * A. Holds a high school diploma or its equivalent B. The place of business of the applicant will be located in this state and in the county where the applicant will maintain his or her records C. Legal alien who possess work authorization from the U.S. Department of Citizenship and Immigration Services D. All of the above

D. All of the above

7. Before submitting the application for a Temporary Limited Surety Agent's license you must have which of the following? * A. You must secure employment with a Bail Bond Agency B. You must be employed with a General Agency C. You must have completed a 120 Pre-Licensing Course D. Both A & C

D. Both A & C

10. Which is correct regarding Limited Surety Agents? * A. They are independent business persons who take all the risk and reap all the profits B. Limited Surety agents justify their suretyship with cash, cashier's check or U.S. postal money order C. Both A & B D. None of the above

D. None of the above

4. Which of the following is NOT correct about an internship? * A. A one year internship must be completed B. Minimum 30-hours per week under direct supervision C. The maximum internship allowed is 18 months D. None of the above

D. None of the above

5. 648.44(2) List persons who can be employees of a bail bond business. A. Employees of any police department B. Employees of the clerk of courts C. Employees of a detention center D. None of the above

D. None of the above