QUESTIONS AND ANSWERS|INSTANT PDF DOWNLOAD
Transact as applied to insurance includes - ANSWER-Solicitation, Negotiations
preliminary to execution, execution of a contract of insurance, Transaction of
matters subsequent to execution of the contract.
True of False? Any person who transacts insurance without a valid license is gulity
of a misdemeanor punishable by a fine not exceeding fifty thousand dollars. -
ANSWER-True
The Commissioner shall begin providing information to the Franchise Tax board -
ANSWER-July 1,1987
True or False: 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. - ANSWER-True
The Commissioner may deny an application for any license if: - ANSWER-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? - ANSWER-In an account separate from a bail
agents' personal assets. In a savings account. In a non-interest bearing account
.
, A bail solicitor may - ANSWER-only conduct business under the name of
his/her employer
Any person who transact insurance without a valid license is guilty of a -
ANSWER-Misdemeanor punishable by a fine not exceeding $50000
As used in the ins. regs. bail or transactions of bail includes - ANSWER-a bail
bond release by means of depositing cash or property and in lieu of giving bail ,
an undertaking of bail
Within ____ after an order, the subject person may file with the commissioner an
application of hearing - ANSWER-30 Days
Within ___ after a subject person has been served with an order of suspension,
the person may apply to the superior court for a stay of the order. - ANSWER-
10 Days
If the commissioner fails to commence the hearing within___ after the
application is filed, the order shall be deemed rescinded as if it had not been
issued. - ANSWER-15 Business days.
Any bail agent who willfully fails to deliver a defendant to custody within 48
hours is guilty of - ANSWER-A misdemeanor
How many does the court clerk have to mail a notice of forefeiture to the surety
if a bond exceeds four hundred dollars? - ANSWER-30 Days