INSURANCE LICENSE (Idaho Bail Bondsman) EXAM QUESTIONS AND ANSWERS RATED A.

INSURANCE LICENSE (Idaho Bail
Bondsman) EXAM QUESTIONS AND
ANSWERS RATED A.
Who insures insurers?
✔✔Reinsurers
An admitted insurance company possesses ______.
✔✔a certificate of authority
The first state of courtroom proceedings is know as _______.
✔✔arraignment
______ is usually held at which the judge decides whether there is
sufficient evidence to force the defendant to stand trial.
✔✔Preliminary hearing
True or False: The agency contract is a contract between the insurer and
the insured
✔✔False
True or False: Implied actual authority may be inferred by virtue of the
position held by an agent
✔✔True
Apparent authority is also known as ______.
✔✔Ostensible authority