NC Bail Bond License Review|ALREADY GRADED A+|100% PASS

Principal Defendant of witness obligated to appear Bail bond Defendant undertaking to appear in court 00:03 01:11 bail security required for the release of the defendant Bond Legal obligation assumed by the one post bail Collateral Something of value to indemnify the bondsman in the event of forfeiture of bail Types of collateral Money security agreement real property personal property when must collateral be returned Within 72 hours of exoneration of case Which statue regulates bondsman daily business Chapter 58 article 71 How can an accommodation bondsman post bond Cash or property What are the three areas of North Carolina bail bond law Chapter 15 a article 26 chapter 58 article 71 North Carolina Administrative Code Who is in charge of regulating bail bondsman and runners North Carolina Department of Insurance Who is elected head of North Carolina Department of Insurance Commissioner of Insurance 00:01 01:11 if a bondsman license is revoked what is the minimum revocation period? No minimum If a bondsman license is revoked what is the maximum revocation time No maximum What is the definition of bail The security required for the release of a defendant What is the definition of bond The obligation assumed by the one who post bail What is the purpose of a bail bond To assure the appearance of the defendant in court Other than the release of a person from jail a bail bond may be used for what The return of a motor vehicle from impoundment What is the definition of resident Anyone who has lived in this state for at least six consecutive months immediately before applying for a bail bond license What is a supervising bondsman A professional or surety bondsman and then who employs or contracts with new licensee It is a surety bondsman a surety No A first-year licensee applying for a runner's license will be supervised by who? A professional bondsman The paperwork showing the charge and the time and location to appear in court is called what Conditions of release For the release of a defendant the conditions of release information is transferred to what The appearance bond You are not required to fill out the bond affidavit if you are a ______ Accommodation bondsman The maximum bail bond premium that can be charged is 15% of the face amount of the bond The minimum bail bond premium that can be charged is 0 percent of the face amount of the bond If other than money is taken as a bond premium what is the requirement for the value of that item The value of the items 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 Fill out the affidavit on the back of the appearance bond and attach professional bondsman certification seal or surety bondsman's qualifying power