FL Bail Bonds Exam Questions with 100% Correct Answers | Latest Update 2024/2025
Which two Florida Statutes govern the bail bond industry?
Chapter 648 and 903
Which Governmental agency or department governs the bail bond industry in the state of Florida?
Florida Department of Financial Serv...
FL Bail Bonds Exam Questions with 100% Correct
Answers | Latest Update 2024/2025
Which two Florida Statutes govern the bail bond industry?
Chapter 648 and 903
Which Governmental agency or department governs the bail bond industry in the state of Florida?
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?
48 hours
What types of action can the department take against an agents bail bond license? ( 4 types)
Fine-Probation-suspension-Revoke
What is a daily bond register?
The power registry-Daily log of powers used-Itemized list to count
What must be held in an individual file or envelope for each principal for whom a bail bond has been
executed?
Power- Appearance Bond-premium receipt-Collateral receipt-promissory note-indemnity agreement-
disclosure notice-Application/Contract-Discharge
What is considered to be reasonable business hours
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?
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?
The Department-The Sheriff-The surety within 10 days.
What is a build up fund? Aka BUF
A joint account between the surety company and agency to protect the Surety Company
How is a build up fund account opened or titled?
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?
The Bail Bond agent
Build up funds are due payable to the agent how long after final discharge?
, 6 months
What are the responsibilities of the primary bail bond agent?
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
Has to be a licensed and appointed bail bond agent.
How long must a bail agent keep records of a bail bond transaction?
3 years after the liability of the surety has been terminated?
List two examples or titles that a person may not use or represent themselves as in the state of
Florida
Bail Enforcement and Bounty Hunter
How is the premium rate that an agent charges to the consumer determined?
The Surety company negotiates with the department
What is the minimum age requirement for an applicant of a limited surety agents license?
18 Years old
What is the minimum education requirement for an applicant of a limited surety agents license?
High school Diploma or equivalent
A person holding a temporary bail bond license may or may not
Execute or sign bonds-deliver a bond-handle collateral receipts-perform pickups alone- manage and
office separate from their supervisor.
What does it mean when an Insurer "appoints" an agent? Describe what this means and what steps
are taken in the appointment procedure
Must file the appointment with the department and at the same time pay the applicable appointment
fees and taxes. A person appointed under this section must hold a valid bail bond agent's or
temporary bail bond agent's license.
What are the continuing education requirements in the state of Florida as it pertains to Bail Agents?
Complete 14 hours every TWO years by the end of your birth month which includes at least 9 hours
elective and 5 hours ethics
What is the purpose of a Managing General Agent
Supervise agency and/or Agents hired by the insurer
What is the name of the document that a bail agent has to record in order to register in a county in
which the wish to execute bonds in? With whom must they register this document and how often?
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