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ALL FLORIDA COUNTY BAIL BONDS
EXAM 2025 BRAND NEW ACTUAL
EXAM WITH ANSWERS.
FLORIDA STATUTES REQUIRE THE BOND AGENT TO
IMMEDIATELY FORWARD TO THE SURETY CASH
COLLATERAL IN CERTAIN CASES WHICH IS MOST
CORRECT?
a. Must forward in all cases
b. Must forward in capital cases
c. Must forward if collateral exceeds $5,000.
d. Must forward if collateral exceeds $9,999. - correct answer -c.
Must forward if collateral exceeds $5,000.
WHAT MUST BE DONE WITH THE COLLATERAL RECEIPT?
a. Original to principal, copy in bondsman's record of the bond
b. Original to indemnitor, copy in bondsman's record of the bond
c. Original to principal, copy to indemnitor
d. Original to indemnitor, copy to department & copy kept in
records - correct answer -c. Original to principal, copy to
indemnitor
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WHICH IS CORRECT ABOUT A TEMPORARY LIMITED
SURETY AGENT & COLLATERAL?
a. A temporary bail bond agent is prohibited from handling or
accepting collateral until a properly executed receipt has been
issued by a licensed and appointed bail bond agent.
b. A temporary bail bond agent is allowed to handle collateral
however, he (she) is prohibited from handling collateral receipts.
c. A temporary bail bond agent is prohibited from handling
collateral, however he (she) is allowed to handle collateral
receipts
d. A temporary bail bond agent is allowed to handle collateral and
collateral receipts - correct answer -a. A temporary bail bond
agent is prohibited from handling or accepting collateral until a
properly executed receipt has been issued by a licensed and
appointed bail bond agent.
WHICH IS MOST CORRECT REGARDING THE SURETY'S
ACCOUNTS FOR CASH COLLATERAL?
a. One Bank account is allowed for all funds : Business and
collateral, but collateral cannot be spent
b. A separate, individual account must be set up for each bond
written
c. Agent needs an account for his business funds & totally
separate account for holding collateral
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d. If a separate account is used it must bear interest - correct
answer -c. Agent needs an account for his business funds &
totally separate account for holding collateral
WHAT IS IT CALLED IF A BOND AGENT USES COLLATERAL
FOR HIS OWN GAIN?
a. Conversion
b. Concealment
c. Pecuniary Advantage
d. Pecuniary Fiduciary adversarial action - correct answer -a.
Conversion
AFTER THE COURT'S WRITTEN DISCHARGE, WHEN MUST
COLLATERAL BE RETURNED?
a. 14 calendar days
b. 21 calendar days
c. 15 business days
d. None of the above is correct - correct answer -b. 21 calendar
days
WHAT IS REQUIRED BY STATUTE FOR THE SURETY TO DO,
WHEN COLLATERAL IS RETURNED
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a. There are no special requirements
b. They must provide the indemnitor with a certified receipt
c. They must keep a copy of the receipt in the permanent bond
record
d. They must notify the department of insurance within 21 days -
correct answer -c. They must keep a copy of the receipt in the
permanent bond record
WHAT METHODS ARE PERMITTED FOR THE SURETY TO
DEDUCT EXPENSE & COSTS FROM COLLATERAL OR
OTHERWISE OFFSET LOSSES, AFTER FORFEITURE BY THE
DEFENDANT?
I. May retain an amount not to exceed 10% of bond for expenses
in locating & returning defendant PLUS not to exceed an
additional 20% of bond for the cost of converting collateral after
forfeiture
II. Surety May retain an amount not to exceed 10% of the Bond
for expense in locating and returning the defendant INCLUDING
the cost of converting the collateral after forfeiture
III. The surety could institute a civil lawsuit to attempt to collect
any additional cost or expenditures incurred in locating or
apprehending defendant or if indemnitor disputed the validity of
the costs.
a. I only
b. I and III
c. II and III
ALL FLORIDA COUNTY BAIL BONDS
EXAM 2025 BRAND NEW ACTUAL
EXAM WITH ANSWERS.
FLORIDA STATUTES REQUIRE THE BOND AGENT TO
IMMEDIATELY FORWARD TO THE SURETY CASH
COLLATERAL IN CERTAIN CASES WHICH IS MOST
CORRECT?
a. Must forward in all cases
b. Must forward in capital cases
c. Must forward if collateral exceeds $5,000.
d. Must forward if collateral exceeds $9,999. - correct answer -c.
Must forward if collateral exceeds $5,000.
WHAT MUST BE DONE WITH THE COLLATERAL RECEIPT?
a. Original to principal, copy in bondsman's record of the bond
b. Original to indemnitor, copy in bondsman's record of the bond
c. Original to principal, copy to indemnitor
d. Original to indemnitor, copy to department & copy kept in
records - correct answer -c. Original to principal, copy to
indemnitor
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WHICH IS CORRECT ABOUT A TEMPORARY LIMITED
SURETY AGENT & COLLATERAL?
a. A temporary bail bond agent is prohibited from handling or
accepting collateral until a properly executed receipt has been
issued by a licensed and appointed bail bond agent.
b. A temporary bail bond agent is allowed to handle collateral
however, he (she) is prohibited from handling collateral receipts.
c. A temporary bail bond agent is prohibited from handling
collateral, however he (she) is allowed to handle collateral
receipts
d. A temporary bail bond agent is allowed to handle collateral and
collateral receipts - correct answer -a. A temporary bail bond
agent is prohibited from handling or accepting collateral until a
properly executed receipt has been issued by a licensed and
appointed bail bond agent.
WHICH IS MOST CORRECT REGARDING THE SURETY'S
ACCOUNTS FOR CASH COLLATERAL?
a. One Bank account is allowed for all funds : Business and
collateral, but collateral cannot be spent
b. A separate, individual account must be set up for each bond
written
c. Agent needs an account for his business funds & totally
separate account for holding collateral
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d. If a separate account is used it must bear interest - correct
answer -c. Agent needs an account for his business funds &
totally separate account for holding collateral
WHAT IS IT CALLED IF A BOND AGENT USES COLLATERAL
FOR HIS OWN GAIN?
a. Conversion
b. Concealment
c. Pecuniary Advantage
d. Pecuniary Fiduciary adversarial action - correct answer -a.
Conversion
AFTER THE COURT'S WRITTEN DISCHARGE, WHEN MUST
COLLATERAL BE RETURNED?
a. 14 calendar days
b. 21 calendar days
c. 15 business days
d. None of the above is correct - correct answer -b. 21 calendar
days
WHAT IS REQUIRED BY STATUTE FOR THE SURETY TO DO,
WHEN COLLATERAL IS RETURNED
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a. There are no special requirements
b. They must provide the indemnitor with a certified receipt
c. They must keep a copy of the receipt in the permanent bond
record
d. They must notify the department of insurance within 21 days -
correct answer -c. They must keep a copy of the receipt in the
permanent bond record
WHAT METHODS ARE PERMITTED FOR THE SURETY TO
DEDUCT EXPENSE & COSTS FROM COLLATERAL OR
OTHERWISE OFFSET LOSSES, AFTER FORFEITURE BY THE
DEFENDANT?
I. May retain an amount not to exceed 10% of bond for expenses
in locating & returning defendant PLUS not to exceed an
additional 20% of bond for the cost of converting collateral after
forfeiture
II. Surety May retain an amount not to exceed 10% of the Bond
for expense in locating and returning the defendant INCLUDING
the cost of converting the collateral after forfeiture
III. The surety could institute a civil lawsuit to attempt to collect
any additional cost or expenditures incurred in locating or
apprehending defendant or if indemnitor disputed the validity of
the costs.
a. I only
b. I and III
c. II and III
