NC Bailbond State EXAM QUESTIONS
OBJECTIVE ASSESSMENT WITH
CORRECT SOLUTIONS||A+
GRADED||100% GUARANTEED
PASS||<<NEWEST VERSION>>
1. A bondsman must maintain records of his bail bond transactions after final
entry for: - ANSWER ✓ -36 months
2. A monthly bail bond report must list all the bonds: - ANSWER ✓ -the
professional bondsman is still libel for
3. If a bail bondsman makes payment arrangements for the balance of the
premium, the details are spelled out in a: - ANSWER ✓ -Memorandum of
Agreement
4. A bondman may sell collateral in order to pay: - ANSWER ✓ -a forfeiture
5. If the bondman's liability is reduced, he must: - ANSWER ✓ -reduce the
collateral to the new liability amount
6. A bondsman must deposit cash collateral in a trust account within how many
days? - ANSWER ✓ -2 banking days
7. Collateral must be returned within ______ after the bond is terminated, if the
defendant is returned to jail by a bondsman prior to the disposition of the
bond. - ANSWER ✓ -72 hours
8. After final termination of bond liability, a bondsman must return collateral
within: - ANSWER ✓ -15 days
, 9. If a bondsman knowingly and willfully fails to return collateral with a value
that exceeds _______, that bondsman is guilty of a Class I Felony. -
ANSWER ✓ -$1500
10.A surety bondsman: - ANSWER ✓ -is NOT a surety
11.Indemnity agreements must: - ANSWER ✓ -be listed the appearance bond
affidavit
12.A professional bondman's largest single bond cannot be large than: -
ANSWER ✓ -1/4 of their security deposit
13.What type of bondsman is legally obligated to the state to pay a forfeiture? -
ANSWER ✓ -professional bondsman
14.If a bond forfeits, who has the greatest monetary incentive to return the
defendant to jail? - ANSWER ✓ -the surety
15.A bondsman must make his business records available to the Commissioner
of Insurance: - ANSWER ✓ -at any time, as often as deemed appropriate by
the Commissioner
16.What is the minimum period of time that the DOI can revoke a license? -
ANSWER ✓ -no minimum
17.What is the maximum period of time that the DOI can revoke a license? -
ANSWER ✓ -no maximum
18.Who all must be notified if a defendant fails to appear in court: - ANSWER
✓ -surety insurance company
19.-bondsman who wrote bond
20.-defendant
21.The date printed at the bottom of the bond forfeiture is known as the: -
ANSWER ✓ -date notice given
22.A must must be paid by the ________ Judgement Date. - ANSWER ✓ -
final
OBJECTIVE ASSESSMENT WITH
CORRECT SOLUTIONS||A+
GRADED||100% GUARANTEED
PASS||<<NEWEST VERSION>>
1. A bondsman must maintain records of his bail bond transactions after final
entry for: - ANSWER ✓ -36 months
2. A monthly bail bond report must list all the bonds: - ANSWER ✓ -the
professional bondsman is still libel for
3. If a bail bondsman makes payment arrangements for the balance of the
premium, the details are spelled out in a: - ANSWER ✓ -Memorandum of
Agreement
4. A bondman may sell collateral in order to pay: - ANSWER ✓ -a forfeiture
5. If the bondman's liability is reduced, he must: - ANSWER ✓ -reduce the
collateral to the new liability amount
6. A bondsman must deposit cash collateral in a trust account within how many
days? - ANSWER ✓ -2 banking days
7. Collateral must be returned within ______ after the bond is terminated, if the
defendant is returned to jail by a bondsman prior to the disposition of the
bond. - ANSWER ✓ -72 hours
8. After final termination of bond liability, a bondsman must return collateral
within: - ANSWER ✓ -15 days
, 9. If a bondsman knowingly and willfully fails to return collateral with a value
that exceeds _______, that bondsman is guilty of a Class I Felony. -
ANSWER ✓ -$1500
10.A surety bondsman: - ANSWER ✓ -is NOT a surety
11.Indemnity agreements must: - ANSWER ✓ -be listed the appearance bond
affidavit
12.A professional bondman's largest single bond cannot be large than: -
ANSWER ✓ -1/4 of their security deposit
13.What type of bondsman is legally obligated to the state to pay a forfeiture? -
ANSWER ✓ -professional bondsman
14.If a bond forfeits, who has the greatest monetary incentive to return the
defendant to jail? - ANSWER ✓ -the surety
15.A bondsman must make his business records available to the Commissioner
of Insurance: - ANSWER ✓ -at any time, as often as deemed appropriate by
the Commissioner
16.What is the minimum period of time that the DOI can revoke a license? -
ANSWER ✓ -no minimum
17.What is the maximum period of time that the DOI can revoke a license? -
ANSWER ✓ -no maximum
18.Who all must be notified if a defendant fails to appear in court: - ANSWER
✓ -surety insurance company
19.-bondsman who wrote bond
20.-defendant
21.The date printed at the bottom of the bond forfeiture is known as the: -
ANSWER ✓ -date notice given
22.A must must be paid by the ________ Judgement Date. - ANSWER ✓ -
final
