1|Page
FL Bail Bonding Exam||Verified Exam!!|| Most Recent
Exam Actual Complete Real Exam Questions And
Correct Answers (Verified Answers) | Already Graded
A+ | Guaranteed Success!! Newest Exam!!!
Which two Florida Statutes govern the bail bond industry?
- Answer-Chapter 648 and 903
Which Governmental agency or department governs the
bail bond industry in the state of Florida? - Answer-Florida
Department of Financial Services
The Records of all Bail Bond written in this state must be
made available within how many hours after being
requested by the state? - Answer-48 hours
What types of action can the department take against an
agents bail bond license? ( 4 types) - Answer-Fine-
Probation-suspension-Revoke
What is a daily bond register? - Answer-The power
registry-Daily log of powers used-Itemized list to count
,2|Page
What must be held in an individual file or envelope for
each principal for whom a bail bond has been executed? -
Answer-Power- Appearance Bond-premium receipt-
Collateral receipt-promissory note-indemnity agreement-
disclosure notice-Application/Contract-Discharge
What is considered to be reasonable business hours -
Answer-8 hours a day 5 days a week (Between the hours
of 8am and 6pm)
Explain what is acceptable as it pertains to the branch
office of a bail agency's entrance and sign? - Answer-
Business name and address you have filed with the
department.
How and whom must an agent notify if there has been a
change in address, telephone number or name and what
is the time frame allowed? - Answer-The Department-The
Sheriff-The surety within 10 days.
What is a build up fund? Aka BUF - Answer-A joint account
between the surety company and agency to protect the
Surety Company
, 3|Page
How is a build up fund account opened or titled? - Answer-
Opened jointly in the name of the agent or agency and the
insurer or in trust for the agent or agency by the insurer.
Interest accrued on a build up fund account is credited to
whom? - Answer-The Bail Bond agent
Build up funds are due payable to the agent how long after
final discharge? - Answer-6 months
What are the responsibilities of the primary bail bond
agent? - Answer-Responsibility of the overall operation,
Management, Hiring and supervising of all individuals
within the location.
Explain the requirements for the ownership of a bail bond
agency - Answer-Has to be a licensed and appointed bail
bond agent.
How long must a bail agent keep records of a bail bond
transaction? - Answer-3 years after the liability of the
surety has been terminated?
FL Bail Bonding Exam||Verified Exam!!|| Most Recent
Exam Actual Complete Real Exam Questions And
Correct Answers (Verified Answers) | Already Graded
A+ | Guaranteed Success!! Newest Exam!!!
Which two Florida Statutes govern the bail bond industry?
- Answer-Chapter 648 and 903
Which Governmental agency or department governs the
bail bond industry in the state of Florida? - Answer-Florida
Department of Financial Services
The Records of all Bail Bond written in this state must be
made available within how many hours after being
requested by the state? - Answer-48 hours
What types of action can the department take against an
agents bail bond license? ( 4 types) - Answer-Fine-
Probation-suspension-Revoke
What is a daily bond register? - Answer-The power
registry-Daily log of powers used-Itemized list to count
,2|Page
What must be held in an individual file or envelope for
each principal for whom a bail bond has been executed? -
Answer-Power- Appearance Bond-premium receipt-
Collateral receipt-promissory note-indemnity agreement-
disclosure notice-Application/Contract-Discharge
What is considered to be reasonable business hours -
Answer-8 hours a day 5 days a week (Between the hours
of 8am and 6pm)
Explain what is acceptable as it pertains to the branch
office of a bail agency's entrance and sign? - Answer-
Business name and address you have filed with the
department.
How and whom must an agent notify if there has been a
change in address, telephone number or name and what
is the time frame allowed? - Answer-The Department-The
Sheriff-The surety within 10 days.
What is a build up fund? Aka BUF - Answer-A joint account
between the surety company and agency to protect the
Surety Company
, 3|Page
How is a build up fund account opened or titled? - Answer-
Opened jointly in the name of the agent or agency and the
insurer or in trust for the agent or agency by the insurer.
Interest accrued on a build up fund account is credited to
whom? - Answer-The Bail Bond agent
Build up funds are due payable to the agent how long after
final discharge? - Answer-6 months
What are the responsibilities of the primary bail bond
agent? - Answer-Responsibility of the overall operation,
Management, Hiring and supervising of all individuals
within the location.
Explain the requirements for the ownership of a bail bond
agency - Answer-Has to be a licensed and appointed bail
bond agent.
How long must a bail agent keep records of a bail bond
transaction? - Answer-3 years after the liability of the
surety has been terminated?
