Bail Bonds Test - Questions With Complete Solutions
Presenting any information to the public that is false or untrue, deceptive or
misleading is: Right Ans - A - Unfair Trade Practice
B - Misrepresentation and false advertising
To meet requirements, those who apply for a Surety bail License must:
Right Ans - Must submit to a written examination.
An Insurance license is considered inactive when the fees are paid but:
Right Ans - License is null and void
Which statement is true of Build-Up Funds? Right Ans - The fund shall not
exceed forty percent of the premium.
A Surety Bail Bond Agent cannot deliver and execute a bond for how many
days after the license is initially issued? Right Ans - 180 days
An Insurance license is considered inactive when the fees are paid but:
Right Ans - License is null and void
A non-admitted insurer is a/an Right Ans - A - Domestic Insurer
B - Alien Insurer
C - Foreign Insurer
The Director of the Department of Insurance has the following duties except
Right Ans - Setting insurance rates
A Surety Bail Bond Agent has how many days to report to the Department of
Insurance any convictions or crimes other than minor traffic offenses?
Right Ans - 30 days
How much continuing education must a Surety Bail Agent complete? Right
Ans - 7 hours every year
Engaging in any fraudulent or dishonest or coercive practice in connection
with the business of
Insurance is a crime in the State of Ohio, if this crime crosses state lines,
where will the parties be
, prosecuted? Right Ans - Federal court
If the Director of Insurance finds an agent guilty of Unfair Trade Practices, he
may Right Ans - A - Order the insurer, agent, or agency to pay expenses
incurred by the Director for the investigation.
B - Order the person or company to cease and desist
C - Suspend or revoke their license
What are the requirements for a person to apply for a Surety Bail license?
Right Ans - Be a person of high character and integrity.
Who is responsible to show proof that the continuing education has been
completed? Right Ans - The Individual Licensee
To transact surety business in the State of Ohio, the Ohio Department of
Insurance must issue Right Ans - Certificate of authority
Which persons are prohibited from executing bail bonds? Right Ans - A -
Employees of detention centers.
B - Court employees.
Surety Bail Bond Agents shall maintain all record of Surety Bonds executed or
countersigned by the
agent for: Right Ans - Three years
If a Surety Bail Bond Agent countersigns a Surety Bail Bond and sent an office
secretary to go to the court house or jail to post a bond, this is: Right Ans -
Not allowed
Timely manner to fulfill a refund obligation is Right Ans - 30 days
Offering to divide and commission from the business of Surety Bail Bonds is
called Right Ans - Rebating
When may the Director of the Ohio Department of Insurance make an
examination of the financial
conditions of a domestic insurance company transacting business within the
State of Ohio? Right Ans - Whenever they deem necessary
Presenting any information to the public that is false or untrue, deceptive or
misleading is: Right Ans - A - Unfair Trade Practice
B - Misrepresentation and false advertising
To meet requirements, those who apply for a Surety bail License must:
Right Ans - Must submit to a written examination.
An Insurance license is considered inactive when the fees are paid but:
Right Ans - License is null and void
Which statement is true of Build-Up Funds? Right Ans - The fund shall not
exceed forty percent of the premium.
A Surety Bail Bond Agent cannot deliver and execute a bond for how many
days after the license is initially issued? Right Ans - 180 days
An Insurance license is considered inactive when the fees are paid but:
Right Ans - License is null and void
A non-admitted insurer is a/an Right Ans - A - Domestic Insurer
B - Alien Insurer
C - Foreign Insurer
The Director of the Department of Insurance has the following duties except
Right Ans - Setting insurance rates
A Surety Bail Bond Agent has how many days to report to the Department of
Insurance any convictions or crimes other than minor traffic offenses?
Right Ans - 30 days
How much continuing education must a Surety Bail Agent complete? Right
Ans - 7 hours every year
Engaging in any fraudulent or dishonest or coercive practice in connection
with the business of
Insurance is a crime in the State of Ohio, if this crime crosses state lines,
where will the parties be
, prosecuted? Right Ans - Federal court
If the Director of Insurance finds an agent guilty of Unfair Trade Practices, he
may Right Ans - A - Order the insurer, agent, or agency to pay expenses
incurred by the Director for the investigation.
B - Order the person or company to cease and desist
C - Suspend or revoke their license
What are the requirements for a person to apply for a Surety Bail license?
Right Ans - Be a person of high character and integrity.
Who is responsible to show proof that the continuing education has been
completed? Right Ans - The Individual Licensee
To transact surety business in the State of Ohio, the Ohio Department of
Insurance must issue Right Ans - Certificate of authority
Which persons are prohibited from executing bail bonds? Right Ans - A -
Employees of detention centers.
B - Court employees.
Surety Bail Bond Agents shall maintain all record of Surety Bonds executed or
countersigned by the
agent for: Right Ans - Three years
If a Surety Bail Bond Agent countersigns a Surety Bail Bond and sent an office
secretary to go to the court house or jail to post a bond, this is: Right Ans -
Not allowed
Timely manner to fulfill a refund obligation is Right Ans - 30 days
Offering to divide and commission from the business of Surety Bail Bonds is
called Right Ans - Rebating
When may the Director of the Ohio Department of Insurance make an
examination of the financial
conditions of a domestic insurance company transacting business within the
State of Ohio? Right Ans - Whenever they deem necessary
