FL Bail Bonding Exam|| Most Recent Exam 2026-2027 Actual
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What types of collateral may be accepted on bonds of
over $50000? - ANSWER -Stock in closed corporations
Patents, copyrights or trademarks
additionally, collateral must also always include a promissory
note, indemnity agreement &/or a real property mortgage
In whos name must the collateral be taken? - ANSWER -the
suretys name, with
the bondsman as the
fiduciary
How must cash collateral be held? - ANSWER -Under $5000
must be held in an account separate from any other funds
belonging to the surety company or the bondsman. OVER
$5000 must be held by the surety
What is the term (length) of an indemnity contract? - ANSWER -
Indefinite
When does an Indemnity agreement become cancellable? -
ANSWER -When
,the conditions of the bond are
fulfilled
What information must appear on a collateral receipt? -
ANSWER -- The date of the receipt
- The name of the Principal
- The numbers of the Powers attached to the bond
- The name of the indemnitor
- The name of who will hold the collateral
Upon proof of fulfillment of the obligation of the bond, what
must the bondsman
do with the collateral? - ANSWER -The collateral must be
returned to the
Indemnitor or the person to whom it is
assigned
How much time does the bondsman have to return collateral
after the obligation
of the bond is fulfilled? - ANSWER
-21 days
If a bondsman is charged with a felony, what happens to
their license? -
ANSWER -It is suspended until the bondsmans case is
adjucated in their favor
, What 4 types of dicsipline can the department of financial
services impose on a
licensee? - ANSWER -Permanent
Revokation
Suspension for up to 2
years
Probation for up to 2
years
A
fine
What may be required of a bondsman before a suspended
license can be reinstated? - ANSWER -The bondsman may be
required to retake the basic certification course and/or the
correspondence course
How often must a bondsman register? - ANSWER -Before
writing their first
bond and before April 1st of every odd
numbered year
What 3 bail bond records must a bondsman keep? - ANSWER -
A daily register
An individual file for each
defendant
Record of premiums received by the
insurance company
Complete Real Exam Questions And Correct Answers (Verified
Answers) | Already Graded A+ | Guaranteed Success!! Newest
Exam | Just Released!!
What types of collateral may be accepted on bonds of
over $50000? - ANSWER -Stock in closed corporations
Patents, copyrights or trademarks
additionally, collateral must also always include a promissory
note, indemnity agreement &/or a real property mortgage
In whos name must the collateral be taken? - ANSWER -the
suretys name, with
the bondsman as the
fiduciary
How must cash collateral be held? - ANSWER -Under $5000
must be held in an account separate from any other funds
belonging to the surety company or the bondsman. OVER
$5000 must be held by the surety
What is the term (length) of an indemnity contract? - ANSWER -
Indefinite
When does an Indemnity agreement become cancellable? -
ANSWER -When
,the conditions of the bond are
fulfilled
What information must appear on a collateral receipt? -
ANSWER -- The date of the receipt
- The name of the Principal
- The numbers of the Powers attached to the bond
- The name of the indemnitor
- The name of who will hold the collateral
Upon proof of fulfillment of the obligation of the bond, what
must the bondsman
do with the collateral? - ANSWER -The collateral must be
returned to the
Indemnitor or the person to whom it is
assigned
How much time does the bondsman have to return collateral
after the obligation
of the bond is fulfilled? - ANSWER
-21 days
If a bondsman is charged with a felony, what happens to
their license? -
ANSWER -It is suspended until the bondsmans case is
adjucated in their favor
, What 4 types of dicsipline can the department of financial
services impose on a
licensee? - ANSWER -Permanent
Revokation
Suspension for up to 2
years
Probation for up to 2
years
A
fine
What may be required of a bondsman before a suspended
license can be reinstated? - ANSWER -The bondsman may be
required to retake the basic certification course and/or the
correspondence course
How often must a bondsman register? - ANSWER -Before
writing their first
bond and before April 1st of every odd
numbered year
What 3 bail bond records must a bondsman keep? - ANSWER -
A daily register
An individual file for each
defendant
Record of premiums received by the
insurance company
