2026 CALIFORNIA BAIL SYSTEM AND
LEGAL FRAMEWORK REVIEW
◉ Any person who transacts insurance without a valid license is
guilty of a misdemeanor punishable by a fine not exceeding fifty
thousand dollars.
T
F
Answer: T
◉ The commissioner shall begin providing information to the
Franchise Tax Board:
A. January 1, 2000
B. December 25, 2005
C. July 1, 1987
D. July 1, 1980
Answer: C. July 1, 1987
,◉ Except as provided in Section 1669, a license shall not be denied
without an opportunity to the applicant to be heard in support of his
application.
T
F
Answer: T
◉ The commissioner may deny an application for any license if:
A. An applicant is not properly qualified to perform the duties of a
person holding the license applied for.
B. The granting of the license will be against public interest.
C. The applicant is not of good business reputation.
D. The applicant is lacking in integrity.
E. All of the above.
Answer: E. All of the above
◉ The commissioner may without hearing, deny an application if the
applicant has:
A. Committed a felony as shown by conviction.
B. Committed a misdemeanor denounced by the insurance code.
C. Had a previous application of license denied within five years of
the date of filing of the application on grounds that should preclude
the granting of the license.
,D. Had a previously issued license suspended or revoked for cause
within the last five years.
E. All of the above.
Answer: E. All of the above
◉ The application is automatically denied without prejudice if the
filing is not complete within:
A. 1 year
B. 3 years
C. 5 years
D. 7 years
Answer: A. 1 year
◉ If an applicant is caught cheating on an examination, the
commissioner shall bar any candidate from taking any license
examination for a period of:
A. 1 year
B. 3 years
C. 5 years
D. 7 years
Answer: C. 5 years
, ◉ Every licensee shall give notice of address change to the
commissioner:
A. Within 5 days
B. Within 10 days
C. Within 30 days
D. Immediately
Answer: D. Immediately
◉ All funds received, by any person acting as a licensee, as premium
shall be held in a _________________ capacity.
A. Savings
B. Fiduciary
C. Interest
D. Thoughtful
Answer: B. Fiduciary
◉ How are fiduciary funds Kept?
A. In an account from a bail agents' personal assets.
B. In a savings account.
C. In a non-interest bearing account.
D. All of the above are correct.
Answer: D. All of the above