NC Bail Bondsman Exam With 100% Correct Answers 2023, Exams of Advanced Education

Download NC Bail Bondsman Exam With 100% Correct Answers 2023 and more Exams Advanced Education in PDF only on Docsity!

NC Bail Bondsman Exam With 100%

Correct Answers 2023

1. Which statute regulates bondsman's daily business? A) 15 A Article 26 B) Chapter 58 Article 71 C) Chapter 75 D) DOI - Correct Answer-B) Chapter 58 Article 71
2. Which is not included in the definition of an accommodation? A) person who charges a fee (money) for posting a bond B) a person who must show proof that property will cover the amount of the bond C) a person who may sue the defendant for loss due to payment of the bond D) a person who is not licensed. - Correct Answer-A) person who charges a fee (money) for posting a bond
3. How can an accommodation bondsman post bonds? A) Cash B) property C) A and B D) certification of equivalent funds in stocks and bonds form 2104-B - Correct Answer-C) A and B
4. What is the definition of a bail bond? A. An undertaking by the principal to appear in court upon penalty of forfeiting bail B. A legal instrument indicating the amount of bond required and when payable C. A legal instrument giving the right to foreclose on a property D. All the above - Correct Answer-A. An undertaking by the principal to appear in court upon penalty of forfeiting bail Which one is NOT a type of bail bond? A) Unsecured B) Signed title to motor vehicle C) Premium Secured D) Property - Correct Answer-B) Signed title to motor vehicle What are the three areas of North Carolina Bail Bond law? A. Chapter 15 A, Article 26, Chapter 58 Article 71, NC Administrative code B. Chapter 15 A, article 26, chapter 58 article 71, department of insurance regulatory code C. Chapter 15 A, article 26, chapter 58 article 70, NC administrative code

D. Chapter 29B, Article 62, chapter 85, article 17, NC administrative code - Correct Answer-A. Chapter 15 A Article 26, Chapter 58 Article 71, NC Administrative code If there is conflict between the areas of bail bond law, what is first in the order of authority? A. Chapter 58 article 71 B. Chapter 15A Article 26 C. Chapter 15A Article 22 D. NC Administrative Code - Correct Answer-B. Chapter 15A article 26 Who is in charge of regulating bail bondsmen and runners? A. North Carolina Department of Justice B. North Carolina Department of Insurance C. County and Municipal Government D. Local School Board Attorneys - Correct Answer-B. North Carolina Department of Insurance Who is the elected head of the North Carolina Department of Insurance. A. Commissioner of Insurance B. Governor C. Lieutenant Governor D. Attorney General - Correct Answer-A. Commissioner of Insurance What persons are not prohibited from becoming licensed as bail bondsmen or runners? A) sheriff B) deputy sheriff C) officers in any branch of the united starts armed services D) attorney - Correct Answer-C) officers in any branch of the united states armed services What is one of the two restrictions for persons prohibited from becoming bail bondsman or runners? A. Shall not act as an agent for any bail bond company of bail bondsman B. Shall not be above the age of 75 C. Cannot have used the services of a NC Bail Bondsman in the preceding 12 months D. Cannot have any contact including casual conversations with any bail bondsman - Correct Answer-A. Shall not act as an agent for any bail bond company of bail bondsman What is not one of the general qualifications for bail bondsmen and runners? A) 18 years old B) Resident for at least 2 years

C) hand knowledge training or experience of sufficient duration and extent to provide the competence necessary to fulfill the responsibilities of a license D) have no outstanding bail bond obligations - Correct Answer-B) Resident for at least 2 years Which is not considered proof of residency? A) Pay stub B) Utility Bill C) Written Lease Agreement / Contract for purchase D) Birth Certificate - Correct Answer-D) Birth Certificate If a bondsman's license is revoked what is the minimum revocation period? A. No Minimum B. 10 days C. 20 days D. 30 days - Correct Answer-A. No minimum If a bondsman's license is revoked what is the maximum revocation period? A. No Maximum B. 10 days C. 20 days D. 30 days - Correct Answer-A. No maximum What is the definition of "bail"? A. A defendant or witness' obligation to appear in court B. The security required for the release of a defendant C. The obligation assumed by the one who posts bail D. The ability to be released from incarceration - Correct Answer-B. The security required for the release of a defendant What is the definition of "Bond"? A. The obligation assumed by the one who posts bail B. The security required for the release of a defendant. C. The obligation assumed by the one who posts bail D. A law or regulation that pertains to the ownership of collateral - Correct Answer-A. The obligation assumed by the one who posts bail What is the purpose of a bail bond? A. to assure the timely release of arrestees B. To assure the appearance of the defendant in court C. Compliance with Habeas Corpus laws D. A law or regulation the pertains to the ownership of collateral - Correct Answer-B. To assure the appearance of the defendant in court. Other than the release of a person from jail, a bail bond be used for? A. The return of a motor vehicle

B. Release of foreclosure C. Return of personal possessions from a pawn shop D. Acceptable reason for absence from employment - Correct Answer-A. The return of a vehicle. In obtaining a bail bond license, the definition of a resident is? A. Anyone who can show valid proof of address B. Anyone who has lived in this state for at least 30 days before applying for a bond license. C. Anyone who has lived in this state for at least 90 days immediately before applying for a bail bond license D. Anyone who has live in this state for at least six consecutive months immediately before applying for a bail bond. - Correct Answer-D. Anyone who has live in this state for at least six consecutive months immediately before applying for a bail bond. A supervising bondsman is: A. An assistant to the bail bondsman in presenting the defendant in court when required B. Any person licensed as a professional bondsman by the Commissioner C. One who deposits cash or other securities with the Commissioner as security for bail bonds D. A professional or surety bondsman who employs or contracts with a new licensee - Correct Answer-D. A professional or surety bondsman who employs or contracts with a new licensee a Surety bondsman is not: A) a defendant or witness obligated to appear in court B) appointed by an insurer by a power of attorney to execute bail bonds C) licensed by the state of North Carolina D) a person who receives or is promised consideration for the execution of a bail bond. - Correct Answer-A) Defendant or witness obligated to appear in court. Which is not a surety? A) Professional Bondsman B) accommodation bondsman C) surety bondsman D) surety company - Correct Answer-C) Surety bondsman A license is not required by a: A) person who assists a professional bondsman in running an office B) surety bondsman C) runner D) professional Bondsman - Correct Answer-A) a person who assists a professional bondsman in running an office

A first year licensee applying for a runner's license will be supervised by? A) An accommodation bondsman B) A Professional Bondsman C) The commissioner of insurance D) Surety Bondsman - Correct Answer-B) A Professional Bondsman A first year licensee applying for a surety bondsman's license is supervised by? A) An Accommodation Bondsman B) A Surety Bondsman C) A Professional Bondsman D) NC Bail Agents Association - Correct Answer-B) A Surety Bondsman The paperwork showing the charge and the time and location to appear in court is called? A) Conditions of Release B) Arresting Officer's Report C) Proceedings of Arraignment D) Appearance Bond - Correct Answer-A) Conditions of Release For the release of a defendant the "conditions of release" information is transferred to? A) The Appearance Bond B) Certification of Bond C) Nature and value of collateral D) License numbers of all bondsman and runners affiliated. - Correct Answer-A) The Appearance Bond. Your are not required to fill out the bond affidavit is you are a: A) Professional bondsman B) Accommodation Bondsman C) Surety bondsman D) Runner - Correct Answer-B) Accommodation Bondsman The required "identifying information" on a bond does not include: A) name and mailing address of defendant B) name and mailing address of accommodation bondsman (if applicable) C) name and license number of the professional bondsman (if applicable) D) address and phone number of bondsman office - Correct Answer-D) address and phone number of bondsman office The person who is not legally responsible to the state if the defendant skips is the A) Professional bondsman B) Surety Bondsman C) Accommodation bondsman D) Insurer (insurance company) - Correct Answer-B) Surety Bondsman

The maximum bail bond premium that can be charged is A) 15% of the face amount of the bond B) 20% of the face amount of the bond C) 10% of the face amount of the bond D) 25% of the face amount of the bond - Correct Answer-A) 15% of the face amount of the bond The minimum bail bond premium that can be charged is: A) 15% of the face amount of the bond B) 5% of the face amount of the bond C) 3% of the face amount of the bond D) 0% of the face amount of the bond - Correct Answer-D) 0% of the face amount of the bond If other than money is taken as bond premium, what is the requirement for the value of that item? A) The value of the item must be reasonable in relation to the premium charged. B) The value must be determined by a registered appraiser C) The value of the item cannot be more than 125% in relation to the premium charged D) Foreign currencies must be escrowed by an international bank until disposition of the case - Correct Answer-A) The value of the item must be reasonable in relation to the premium charged. After filling out the front of the appearance bond, what must a bondsman do to complete the bond? A) Fill out the affidavit on the back of the appearance bond B) Attach professional bondsman's certification seal or surety bondsman's qualifying power C) A and B above. D) Fill out NC form 1009-B, Value of Non- currency collateral - Correct Answer- C) A and B above. If a bond is written on credit or partial credit what form must be filled out? A) Memorandum of Agreement B) UCC Certified Promissory Note C) Notarize Affidavit of Indebtedness D) Federal Form 4334, Bail Bond Promissory Agreement - Correct Answer-A) Memorandum of Agreement How many days does a licensee have to appeal a former insurer's notice of not discharging affidavit of surety? A) 5 days B) 10 days C) 20 days D) 30 days - Correct Answer-B) 10 Days

The bond affidavit provides information on what? A) Premium and Collateral B) Premium and Interest Rate C) collateral and Description of Charges d) premium - Correct Answer-A) Premium and Collateral If collateral is taken which form is the information about the collateral listen on? a) the collateral itemization receipt b) The bond affidavit on the back of the appearance bond c) the list of collateral on the front of the appearance bond d) it isnt necessary to list the collateral - Correct Answer-b) The bond affidavit on the back of the appearance bond If any premium is received, a bondsman must give them? a) a certificate of indemnity b) a certified true copy of the bond c) 2 copies of the bond affidavit d) a receipt - Correct Answer-d) A receipt Is a bondsman required to provide a receipt for collateral received on a bond? a) Yes, always b) only if the value exceeds $1, c) no d) only in certain cases - Correct Answer-a) Yes, always What are the requirements for a receipt? a) Pre-numbered by a printer, used and filed consecutive numbers. b) Show name and address of the bail bondsman, the defendants name, the amount and date paid, and the name of the person accepting the payment. c) Show the total amount of the bond for which the fee is being charged. d) all of the above - Correct Answer-d) all of the above If collateral is taken, what things are to be recorded on the bond affidavit? a) name of the person from whom the collateral was received b) Nature and value of the collateral c) location of collateral d) a and b e) a, b, and c - Correct Answer-d) a and b If collateral is taken, what is required on the receipt? a) A written, detailed description of the collateral received, who posted it and its value. b) description, value, and defendant's name c) full description and location of the collateral

d) description of any other liens or judgements on the collateral - Correct Answer- a) A written, detailed description of the collateral received, who posted it and its value. The requirement for holding non cash collateral is? a) It must be available for inspection at all times b) it must be clearly marked and/or labeled c) it must be maintained in the condition in which it was received d) all of the above - Correct Answer-c) it must be maintained in the condition it was received A collateral trust account is? a) a bank account for cash collateral received on bail bonds b) a bank account that can only be accessed by a licensed bondsman c) an account that is co-administered by a license bondsman and a CPA d) none of the above - Correct Answer-a) bank account for cash collateral received on bail bonds. Collateral must be returned when? a) within 24 hours after final termination of liability on the bond b) within 72 hours after final termination of liability on the bond c) upon demand d) as agreed upon in the Affidavit of idemnity - Correct Answer-b) within 72 hours after final termination of liability of the bond Collateral can be kept for unpaid premiums or expenses incurred on a bond: a) never b) when the costs exceed $1, c) when it is explicitly stated that such will be the case in the Bond agreement d) none of the above - Correct Answer-a) never The amount of the premium listed on the appearance bond is written where? a) the box marked "amount of premium to be entered here" b) the affidavit on the back of the appearance bond c) the certificate of indebtedness d) the amount of premium in not listed on the appearance bond - Correct Answer-b) the affidavit on the back of the appearance bond The only two things of value a bondsman can accept for posting a bond? a) premium and interest b) premium and collateral c)collateral and personal property d) reasonable attorney fees - Correct Answer-b) premium and collateral As it refers to bail bonds, what is collateral?

a) something of value to indemnify or protect the bondsman in the event of forfeiture b) a standardized amount of value as determined by the Siegel and Schuster Handbook of collateral value c) a type of damage d) securities and other instrument of value backed by international treaty - Correct Answer-a) something of value to indemnify or protect the bondsman in the event of forfeiture what is not a type of collateral a) money or other negotiable instrument b) real or personal property c) indentured servitude agreements d) indemnity agreement - Correct Answer-c) indentured servitude agreements how much collateral is a bondsman allowed to take for posting a bond a) up to 100% of the amount of the bond b) any amount c)up to 125% of the amount of the bond d) as determined by the presiding magistrate - Correct Answer-a) up to 100% of the amount of the bond failure to return collateral that exceeds 1500 is a) class a misdemeanor b) class I felony c) class II felony d) grand larceny - Correct Answer-b) class I felony the only two things a bondsman can do with collateral are: a) pay the bond or give it back b) pay the bond of pay expenses c) pay the bond or list it on Ebay under a relatives name d) give it back in person or deposit it in a defendants bank account - Correct Answer-a) pay the bond or give it back if asked for identification what is the legal ID to present as a bondsman? a) state issued drivers license b) your DOI issued identification c) bail bond shield d) all of the above - Correct Answer-b) your DOI issued identification will a bondsman be revoked for receiving a prayer for judgement (PJC) for misdemeanor drug charge? a) yes b) no - Correct Answer-a) yes

which of the following is not one of the requirements concerning a memorandum of agreement a) show the amount of premium not paid b) provide a copy of the agreement to the clerk of court upon request c) provide a copy of the agreement to the principal upon request dates and amount to be paid d) show the method and schedule of payments to include the dates and amounts to be paid e) agreement must be signed and dated by the bondsman or runner and the principal at the time the agreement is made f) - Correct Answer-b) provide a copy of the agreement to the clerk of court upon request what is required to be printed on all agreements and contracts with defendants or anyone on behalf of the defendant a) form number b) the license number of the bondsman c) a description of the charges against the defendant d) a and b e) none of the above - Correct Answer-d) a and b the single largest bond a professional bondsman or his runner can write is: a) (1/4) of of the professional bondsman's security deposit b) one million dollars c) (1/8) of the professional bondsman's security deposit d) 1/2 of the professional bondsman's security deposit - Correct Answer-a) (1/4) of of the professional bondsman's security deposit if a bond is reduced after it was posted, the bondsman must do what with the collateral a) reduced the collateral to the same extent that the liability under the bond was reduced b) execute written amendment to bond affidavit with details of the modification of collateral c) furnish the principal and person furnishing collateral or premium a copy of the amendment and keep copy of amendment on file in office of the bondsman d) all of the above - Correct Answer-d) all of the above bondsmen may share a trust account in what instance a) with the approval of the commissioner b) when bail bondsmen are working out of the same business office or location c) when they use the same surety provider d) a and b only - Correct Answer-d) a and b only a professional bondsman's security deposit limits the amount of bonds written by what two rules

a. 1/4 rule and 8x rule b. 1/8 rule and 8x rule c. 1/4 rule and 4x rule d. 1/8 rule and 4x rule - Correct Answer-a. 1/4 rule and 8x rule the professional bondsman's security deposit is held in: a. safety deposit box b. a federally insured bak with assets of over $10,000,000. c. a master trust bank d. fort knox - Correct Answer-c. a master trust bank what value will the commissioner allow for stocks of bonds deposited to the professional bondsman's security deposit a. 80 percent of the fair market value of bonds b. 60 percent of the fair market value of stocks c. 50 percent of the fair market value of stocks or bond d. a and b e. none of the above - Correct Answer-d. a and b the requirement of returning collateral other than cash it: a. must be returned in the same condition as requested and received by the bondsman b. must be returned in the same condition as described on the bond affidavit on the back of the appearance bond c. it must be inspected by a neutral third party d. it must be returned after NCDOI approves the return - Correct Answer-a. must be returned in the same condition as requested and received by the bondsman if the indemnitor requests the termination of the bond, is the bondsman required to terminate the bond? a. yes b. no - Correct Answer-b. no after the first $5,000 what other securities may the professional bondsman use for his security deposit? a. stocks and bonds b. stocks, bonds, and/or annuities c. stocks, bonds, annuities, or negotiable instruments d. cash bonds for child support - Correct Answer-a. stocks and bonds in what way can cash bond be posted? a. cash b. surety bondsman c. professional bondsman d. all the above - Correct Answer-d. all the above

the authorization a professional bondsman must provide to the commissioner if stocks or bonds are used as security deposit a. an irrevocable stock or bonds power of attorney b. a notarized statement from a stock broker stating the value of the date of deposit c. a personal power of attorney d. a sworn surety statement - Correct Answer-a. an irrevocable stock or bonds power of attorney in what way can a bond for child support be posted a. cash or other collateral b. cash only c. stocks or bonds d. none of the above - Correct Answer-b. cash only one does not have to be licensed as a runner to a. assist in the day to day running of a bail bond office b. present the defendant in court when required c. assist in the apprehension and surrender of a defendant d. execute bail bonds on behalf of a licensed professional bondsman - Correct Answer-a. assist in the day to day running of a bail bond office which does not describe a professional bondsman a. any person licensed as a professional bondsman by the commissioner b. pays percentage of the bond to an insurance company c. pledges cash or other sureties with the commissioner as security for bail bonds d. receives or is promised money or other things of value for writing bail bonds - Correct Answer-b. pays percentage of the bond to an insurance company a principal is a. a defendant or witness obligated to appear in court upon penalty of forfeiting bail b. a person with authority over a elementary or secondary school c. the owner of the bail bonding business d. an amount of money or other collateral set aside in escrow - Correct Answer-a. a defendant or witness obligated to appear in court upon penalty of forfeiting bail an obligor is a. an unlicensed runner b. a person who gives testimony as to character in a trial c. a principal or surety on a bond d. a bank of financial institution - Correct Answer-c. a principal or surety on a bond a first year licensee is defined as

a. any licensed person as a bondsman or runner for a period of less than 12 months b. any person who has taken the licensing test in the preceding 12 months c. any licensed bail bondsman or runner d. a bail bondsman who has reacquired their license after being convicted of a felony - Correct Answer-a. any licensed person as a bondsman or runner for a period of less than 12 months when is it permissible for a bondsman to carry, possess and/or display an official shield a. anytime b. while at lunch or dinner c. while engaged in official duties as a bondsman d. all of the above - Correct Answer-c. while engaged in official duties as a bondsman which is not one of the 3 types of bondsmen licensed in nc a. surety bondsman b. runner c. professional bondsman d. accommodation bondsman - Correct Answer-d. accommodation bondsman where can a bondsman surrender a defendant before forfeiture a. sheriff where the defendant was bonded b. county where defendant is to appear c. county where defendant is incarcerated d. a and b only - Correct Answer-d. a and b only if you fail the state exam, how long must you wait before reapplying or retesting a. one month b. six months c. two years d. one year - Correct Answer-d. one year the commissioner shall deny or revoke a license for a. conviction of a felony b. conviction of a misdemeanor c. failure to abide by bail bondsman's morality clause d. arrest for a felony - Correct Answer-a. conviction of a felony who has the highest percentage of arresting defendants and bringing them back to jail a. sheriff b. municipal police c. federal Marshall d. bail bondsman - Correct Answer-d. bail bondsman

how often must the daily bail bond register be updated a. weekly b. hourly c. daily d. after each transaction - Correct Answer-c. daily the three ways a secured bond can be posted are a. cash b. property c. bail bondsman d. a, b, and c d. none of the above - Correct Answer-d. a, b, and c the requirements for holding cash collateral are a. it must be held in non-interest bearing trust account in a north Carolina bank, separate from any other personal or business account b. the trust account is for funds collected as collateral on bail bonds only and cannot be commingled with any other funds. c. cash collateral must be deposited in the trust account within 2 banking days after receipt d. all of the above - Correct Answer-d. all of the above a monthly report must be filed with the commissioner a. on or before the 15th of each month b. by the end of the fiscal year c. on or before the 1st of every month d. on or before the 10th of every month - Correct Answer-a. on or before the 15th of each month a daily bail bond register is a. a photocopy of the days receipts b. a year to date listing of all bonds written by day c. a daily list of all cash receipts received by a bail bondsmen d. a daily listing of all bonds written on any given day - Correct Answer-d. a daily listing of all bonds written on any given day the length of time a bondsman has to petition the court to remit the payment of the bond a. one year after the judgement of the forfeiture become final b. two years after the judgement of the forfeiture became final c. three years after the judgement of the forfeiture became final d. 90 days after the judgement of the forfeiture became final - Correct Answer-c. three years after the judgement of the forfeiture became final

if the commissioner denies an application or license, how long does the applicant or licensee have to write demanding a review a. within 30 days after service of notice from commissioner b. within 90 days after service of notice from the commissioner c. withing 7 days after service of notice from the commissioner d. within 10 days after service of notice from the commissioner - Correct Answer- a. within 30 days after service of notice from commissioner if a bondsman files for bankruptcy, how soon must he or she notify the commissioner a. within three business days after filing b. notification is not required c. within 7 business days after filing d. within 30 days after filing - Correct Answer-a. within three business days after filing how many motions to remit the bond are allowed within the three years after final judgment a. three, one per year b. one. c. none. d. 36, one per month - Correct Answer-b. one. how must the bonds be listed by the professional bondsman on the monthly report? a. alphabetically b. numerical c. from the highest amount of bond to the lowest d. by the age of the defendant - Correct Answer-a. alphabetically where is the motion to set forfeiture aside located a. on the front of the bond forfeiture notice b. on page 3 of the bond forfeiture notice c. on the back of the bond forfeiture notice d. these is no such ting as a motion to set forfeiture aside - Correct Answer-c. on the back of the bond forfeiture notice the authorization a professional bondsman must provide with his security to the commissioner a. power of attorney b. notarized consent to provide urine samples for drug testing c. living will d. list of beneficiaries to any life insurance policies - Correct Answer-a. power of attorney the register a professional bondsman must keep to list bonds written

a. daily bail bond register b. monthly bail bond register c. year to date bail bond register d. none of the above - Correct Answer-a. daily bail bond register the commissioner will send _________ to the professional bondsman if his security deposit falls below required level a. a warning letter b. an insufficient security deposit memorandum c. a large man with baseball bat d. a notice of deficiency - Correct Answer-d. a notice of deficiency a surety is a. a defendant or witness obligated to appear in court upon penalty of forfeiting bail b. any person licensed as a surety bondsman by the commissioner c. someone who can execute bail bonds on behalf of licensed professional bondsman when the power of attorney has been duly recorded d. one who with the principal is liable for the amount of the bail bond upon forfeiture - Correct Answer-d. one who with the principal is liable for the amount of the bail bond upon forfeiture a runner is a. a defendant who misses court leaves the state b. a licensed person who can execute bail bonds on behalf of a professional bondsman when a power attorney has been duly recorded c. a candidate who runs for commissioner of insurance d. the magistrate or judges' assistant - Correct Answer-b. a licensed person who can execute bail bonds on behalf of a professional bondsman when a power attorney has been duly recorded what can happen if all the identifying information is not on the bond a. bondsman must rewrite bond b. bond may be revoked c. magistrate must revoke bondsman d. bondsman must return money - Correct Answer-b. bond may be revoked failure to notify DOI of filing of bankruptcy within 3 business days is a minimum suspension of how long a. 20 days b. 30 days c. 45 days d. 60 days e 6 months - Correct Answer-d. 60 days term used when a bondsman fails to pay premium to insurer

a. misrepresent b. fraud c. misappropriate d. malpractice - Correct Answer-c. misappropriate term for responsibility of a bondsman in trust of surety powers a. fiduciary b. proprietary c. solitary d. monetary - Correct Answer-a. fiduciary what is required to be printed on a professional stamp a. NC dept of revenue b. administrative office of the courts c. NC dept of insurance d. NC dept of treasury - Correct Answer-c. NC dept of insurance where must your name and NPN be entered to execute bail bonds in NC a. clerks bond registration book d. NC doi's bond registration book c. the electronic bondsmen registry d. the NC department of state - Correct Answer-c. the electronic bondsmen registry how many days do you have to notify doi of filing bankruptcy a. 72 hours b. 3 business days c. 10 days d. 30 days - Correct Answer-b. 3 business days which one is not considered a conviction by NCDOI a. found guilty b. plead guilty c. nolo contendere d. PJC prayer for judgment e. none of the above - Correct Answer-e. none of the above in odd number years what is the requirement of renewal a. renewal application b. renewal fee c. fingerprints d. criminal history e. a and b only - Correct Answer-b. renewal fee the penalty for failure to notify DOI of address or email change within 10 business days is

a. suspension of license b. revocation c. $50.00 fine d. $60 fine e. $100.00 fine - Correct Answer-c. $50.00 fine to be exempt from CE class requirement, you must be..? a. retired and 65 years of age b. licensed for 20 years and be retired c. 65 years old and 15 years experience d. only 65 years old - Correct Answer-c. 65 years old and 15 years experience you must take CE class before your first renewal if a. licensed before january 1st b. licensed after january 1st c. ple class between jan 1 and july 1st d. you failed your state exam the first time - Correct Answer-a. licensed before january 1st how many days do you have to surrender your terminated license to DOI a. 72 hours b. 3 days c. 10 business days d. 30 days - Correct Answer-c. 10 business days how many hrs of ple and ce respectively are required by statute a. two days and 6 hours b. 12 hr and 3 hrs c. 10 hrs and 6 hrs d. three days 3 hrs - Correct Answer-b. 12 hr and 3 hrs how long must you be a bondsman to be a professional bondsman a. six months b. one year c. two years d. three years - Correct Answer-b. one year which one represents the order of laws by ranking a. court of appeals opinion, general statute, supreme court opinion, administrative law b. general statute, administrative law, court of appeals opinion, supreme court opinion c. administrative law, general statute, court of appeals opinion, supreme court opinion

d. supreme court opinion, court of appeals opinion, general statute, administrative law - Correct Answer-d. supreme court opinion, court of appeals opinion, general statute, administrative law how long after judgment in district court is a bail bond in a case exonerated a. immediately upon judgment b. when clerk puts judgment in system c. when judge signs the judgment form d. eleven days - Correct Answer-d. eleven days how long after judgment in superior court is a bail bond exonerated a. immediately upon judgment b. when clerk puts judgment in system c. when judge signs the judgment form d. eleven days - Correct Answer-a. immediately upon judgment which person would disqualify you as a bondsman a. your magistrate father b. your deputy sheriff brother c. your spouse d. all of the above - Correct Answer-c. your spouse in first license year, how many months must be uninterrupted a. 12 b. 3 c. 6 d. 9 - Correct Answer-c. 6 when are you not considered a first year licensee by doi a. previously licensed more than 12 but inactive less than 36 months b. previously licensed more than 24 but inactive less than 36 months c. previously licensed more than 18 but inactive less than 24 months d. previously licensed more than 18 months but inactive less than 36 months - Correct Answer-d. previously licensed more than 18 months but inactive less than 36 months which are required by doi before an appointment by another insurer can be authorized a. affidavit under oath of no owed premiums b. bondsman agrees to discharge all outstanding forfeitures c. affidavit under oath of no unsatisfied judgments d. none of the above - Correct Answer-d. none of the above which one is not a ground for suspension or revocation of your license a. fraudulent or dishonest practices in conduct of business b. for any business association with an unqualified bondsman

c. for any drug conviction in the previous 24 months d. none of the above - Correct Answer-d. none of the above any suspension or revocation under G.S. 58-71-80 shall be in accordance with which chapter in the general statute a. chapter 15 a b. chapter 58 b c. chapter 150 b d. chapter 13 - Correct Answer-c. chapter 150 b which are violations of a person conducting normal office duties a. type monthly reports b. accept and receipt collateral c. deliver motions to clerk of court d. pulling files retrieving information form the files - Correct Answer-b. accept and receipt collateral what are not violations of a person conducting normal office duties a. accept initial premium payment made pursuant to a memorandum b. interview any person by phone concerning bond application c. notify a defendant about missing his court date d. accept installment payments of deferred premium by memorandum - Correct Answer-d. accept installment payments of deferred premium by memorandum how many days do you have to deposit cash/check collateral in to a trust account a. 2 banking days b. 3 banking days c. 10 days d. 30 days - Correct Answer-a. 2 banking days cash trust accounts must a. be in a nc bank b. in a non interest bearing acct c. contain collateral funds only d. all of the above. - Correct Answer-d. all of the above. shared trust accounts must be a. with the same surety in the state b. approved by the surety c. approved by the commissioner and operate from same business d. be held in writing agents account - Correct Answer-c. approved by the commissioner and operate from same business when a bond is reduced after being posted, the bondsman must do what with the collateral a. reduce amount of collateral to same liability of bond

b. file an amendment affidavit with clerk of court c. give copy of amended affidavit to defendant and office file d. all of the above - Correct Answer-d. all of the above what is considered a felony besides failure to return collateral within 72 hours and any ACIS access violation a. lying on application for licensure b. lying on monthly report c. lying at any administrative hearing d. all of the above - Correct Answer-b. lying on monthly report how many days does a bondsman have to set aside a forfeiture a. 90 days b. 3 years c. 150 days d. 6 months - Correct Answer-c. 150 days how many days does does a bondsman have to remit payment of forfeiture on a bond a. 90 days b. 3 years c. 150 days d. 6 months - Correct Answer-b. 3 years does an accommodation bondsman have to fill out the affidavit on the back of the bond a. yes b. no - Correct Answer-b. no all collateral, except for cash, is required to be held: a. under lock and key for security b. in trust in a secure location, authorized by the commissioner c. in the same condition in which it was received d. clearly marked and/or labeled and available for inspection at all times - Correct Answer-c. in the same condition in which it was received what makes a memorandum of agreement legally valid a. form number and license number b. the bondsman's signature c. the dates and amounts owed d. the defendant's signature e. all of the above - Correct Answer-e. all of the above all bonds written on a daily bases are recorded in the a. monthly report b. daily register

c. monthly register d. daily report - Correct Answer-b. daily register all bonds outstanding as of the first day of the month are reported in the a. monthly report b. daily register c. monthly report d. daily report - Correct Answer-a. monthly report if licensed after January 1st, when are you required to take your CE class a. before June 30th of license year b. immediately after becoming licensed c. between your first and second renewal of license d. after being entered on the electronic register - Correct Answer-c. between your first and second renewal of license what is an obligor a. the person who is liable for the amount of the bond upon forfeiture b. the defendant or witness obligated to appear in court c. a principal or surety on a bail bond d. all of the above - Correct Answer-d. all of the above the daily bond register shall be kept up to date a. daily b. weekly c. monthly d. quarterly - Correct Answer-a. daily upon modification or alteration of collateral security, the bondsman shall execute a written amendment and copies to a. defendant and file b. clerk of court, defendant and file c. clerk of court, defendant, person furnishing collateral and file d. defendant, person furnishing collateral and file e. clerk of court, magistrate, defendant and file - Correct Answer-c. clerk of court, defendant, person furnishing collateral and file which is not required on a receipt a. prenumbered, used and filed in consecutive numerical order b. the amount of deferred payment by the defendant c. name and address of the bondsman d. amount, date paid, total amount of bond and defendant's name - Correct Answer-b. the amount of deferred payment by the defendant in which manner can a monthly report be filed with the commissioner a. fax

b. email c. electronically d. all of the above - Correct Answer-d. all of the above what documents can a bondsman give the sheriff to surrender a defendant a. copy of the conditions of release b. copy of the appearance bond c. copy of bond forfeiture d. all of the above - Correct Answer-d. all of the above how long do you have to notify the commissioner of the termination of a runner a. 3 days b. 5 days c. 10 days d. 30 days - Correct Answer-b. 5 days how many reasons are there to set aside a forfeiture a. 7 b. 6 c. 8 d. 5 days - Correct Answer-a. 7 which one of the following amounts can professional bondsman charge a. 20% b. 185 c. 15% plus tac d. 11% - Correct Answer-d. 11% within how many days must you notify the commissioner of any conviction other than a MV infraction a. 3 days b. 5 days c. 10 days d. 30 days - Correct Answer-c. 10 days a bondsman shall complete and return his even year annual application to NCDOI before a. June 1st b. May 15th c. July 1st d. June 30th - Correct Answer-a. June 1st what person can perform the functions, duties, or powers prescribed for licensed bondsmen a. an off duty police officer b. an unlicensed fugitive recovery agent/bounty hunter

c. only qualified and licensed person under 58-71-40(a) d. an ex-bail bondsman - Correct Answer-c. only qualified and licensed person under 58-71-40(a) what is the annual renewal fee for a surety/professional bondsman a. $50 b. $60 c. $100 d. $125 - Correct Answer-c. $100 what is the annual renewal fee for a runner a. $50 b. $60 c. $100 d. $125 - Correct Answer-b. $60 in addition to annual renewal, application, fingerprints and criminal history required a. every even numbered year b. every year c. every off year d. every fifth year - Correct Answer-a. every even numbered year after intial 12 month supervision, if employment continues by supervising bondsman, who is responsible for licensee's acts as a bondsman? a. the licensee b. the surety c. NCDOI d. supervising bondsman - Correct Answer-d. supervising bondsman how many reasons are there to surrender a defendant without return of premium a. 7 b. 6 c. 8 d. 5 days - Correct Answer-a. 7 if a licensee is revoked for any reason, what is the minimum period of revocation a. 10 days b. 30 days c. 90 days d. no minimum - Correct Answer-d. no minimum is a prayer for judgment (PJC) considered a guilty a. yes b. no - Correct Answer-a. yes

what is required of a cash trust account a. monies be deposited within 3 banking days b. all premiums and collateral must be deposited c. must have at least two bondman's name listed d. no commingling with other operating funds - Correct Answer-d. no commingling with other operating funds can an unlicenesed employee accept/return collateral on a bond a. yes b. no - Correct Answer-b. no can an unlicensed employee screen bond calls, quote premiums and interview bond call a. yes b. no - Correct Answer-b. no can an unlicensed employee fill out the bond application and/or indemnity agreement a. yes b. no - Correct Answer-b. no can an unlicensed employee contact a defendant who has missed his court date a. yes b. no - Correct Answer-b. no on or before July 1st of each year, professional bondsmen must furnish doi a list of a. all bonds written for that year b. all forfeitures for that year c. all seals used that year d. all runners appointed by him - Correct Answer-d. all runners appointed by him how many powers can a bondsman use on one individual bond a. two b. three c. one d. four - Correct Answer-c. one how many days must a hearing be held after an objection by the school board attorney a. 30 days b. 10 days c. 20 days d. 45 days - Correct Answer-a. 30 days