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Bondsman Insurance Exam Prep
At a bail hearing, bail factors that are to be considered may
include _____. - ANSWER-To decide if an accused can be
allowed to post bail, a bail hearing will take place after the
arrest. There will be a variety of bail factors that are to be
considered, such as the nature of the crime, the character and
criminal history of the defendant, his available financial
resources, etc.
The bail process usually starts within how many hours after an
arrest is made? -
ANSWER-
48
True or False: Bail is always in the form of a surety bond,
required in every
single criminal case -
ANSWER-False
,With a ____ bond, the defendant has no need to pay money
upfront but will
have to pay only if they fail to appear. - ANSWER-
Unsecured
True or false: A bail schedule almost always covers all
offenses - ANSWER-
False
True or False: The court has no statutory obligation to notify
the bondsman of
the court schedules -
ANSWER-True
True or False: A cosigner or guarantor co-assumes both
criminal liability and
financial responsibility -
ANSWER-False
A bail bond is said to be ____ when the legal process is
finished. - ANSWER-
Exonerated
Upon the issuance of a summary judgement the full bail amount
must be ____.
- ANSWER-
Rendered
, _____ is a process by which a defendant who failed to show
up in court can
have his bail bond re-activated. - ANSWER-
Reinstatement
True or false: Bail bond premium is always refundable if the
case is dismissed -
ANSWER-
False
The bond premium amount is generally set to 10% of _______. -
ANSWER-The
face amount of the
bond
When the bond premium is collected, the bail agent needs
to make _____
payments in the surety company. - ANSWER-One for the
BUF account
True or False: When a bail agent contracts with a surety
company, the surety
company is ultimately liable for all bonds written -
ANSWER-True
When a bail agent contracts with a surety company, what may
be used to specify that the bail agent is responsible for any
expenses relating to bonds written - ANSWER-An indemnity
agreement