North Carolina Bail Bonds Practice Exam

What are the only acceptable forms of value a bondsman can accept for posting a bond?

1. Cash or Real Estate

2. Premium or Collateral

3. Checks or Insurance

4. Credit or Debits

The correct answer is: Premium or Collateral

The correct answer focuses on the idea that a bondsman can accept premium — which is a fee paid for the services of the bail bondsman — and collateral, which can be in various forms such as property, cars, or other valuable items, to secure the bond. Premium is the amount charged by the bail bondsman and is typically a percentage of the total bail. Collateral is something valuable that the bondsman holds to ensure that the obligations of the defendant are met, especially that they appear for their court date. The other options do not accurately reflect the acceptable forms of value for posting a bond. While cash or real estate could potentially serve as collateral, the option does not include the necessary concept of premium. Similarly, checks or insurance are not standard forms of value that a bondsman would accept for securing a bond. Credit or debits are not valid forms of value either, as they do not guarantee payment or enforce obligations in the same way that premium and collateral do. Thus, the focus on premium and collateral is crucial for understanding the roles that these forms of value play in bail bond transactions.