BAIL BONDS QUESTIONS AND ANSWERS
"Transact" as applied to insurance includes?
-Negotiations preliminary to execution
-Execution of a contract of insurance
-Solicitation
-Transaction of matters subsequent to execution of the contract.
Any person who transacts insurance without a valid license is guilty of what? a
misdemeanor punishable by a fine not exceeding fifty thousand dollars.
a misdemeanor punishable by a fine not exceeding fifty thousand dollars.
The commissioner shall begin providing information to the Franchise Tax Board:
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 their application.
When may the commissioner deny an application for any license?
-An applicant is not properly qualified to perform the duties of a person holding the
license applied for.
-The granting of the license will be against public interest
-The applicant is not of good business reputation.
-The applicant is lacking in integrity
How are fiduciary funds kept?
-In an account separate from a bail agents' personal assets
-In a saving account
-In a non-interest bearing account
What happens if the person named under a license held by an organization
commits any act that is ground for suspension or revocation of the license?
The action may be taken against the organization.
A licensee may elect in writing to pay a specified money penalty in lieu of a
license suspension:
"Transact" as applied to insurance includes?
-Negotiations preliminary to execution
-Execution of a contract of insurance
-Solicitation
-Transaction of matters subsequent to execution of the contract.
Any person who transacts insurance without a valid license is guilty of what? a
misdemeanor punishable by a fine not exceeding fifty thousand dollars.
a misdemeanor punishable by a fine not exceeding fifty thousand dollars.
The commissioner shall begin providing information to the Franchise Tax Board:
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 their application.
When may the commissioner deny an application for any license?
-An applicant is not properly qualified to perform the duties of a person holding the
license applied for.
-The granting of the license will be against public interest
-The applicant is not of good business reputation.
-The applicant is lacking in integrity
How are fiduciary funds kept?
-In an account separate from a bail agents' personal assets
-In a saving account
-In a non-interest bearing account
What happens if the person named under a license held by an organization
commits any act that is ground for suspension or revocation of the license?
The action may be taken against the organization.
A licensee may elect in writing to pay a specified money penalty in lieu of a
license suspension:
