NC Bail Bondsman Test Questions Compilation | 210 Questions with 100% Correct Answers | 31 Pages

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1) Which statute regulates bondsman's daily business? A) 15 A Article 26 B) Chapter 58 Article 71 C) Chapter 75 D) DOI - ✔✔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. - ✔✔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 - ✔✔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 - ✔✔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 - ✔✔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 - ✔✔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 [Show More]

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