Free West Virginia Bail Bond Agent Exam Prep

Insurance Commissioner powers, examination of records, notice and conduct of hearings, penalties, and the ten defined terms in 114CSR103-2 (W.Va. Code §§33-2, 51-10 and 33-44).

Who must be licensed, applicant qualifications under 114CSR103-3.2.1, professional bondsman security deposits, surety bondsman producer authority, appointments and qualifying powers of attorney, fingerprinting, fees, ID cards, reporting duties, unauthorized insurers and fraud reporting.

Biennial renewal by the last day of the birth month, the $200 nonrefundable renewal fee, the qualifications attestation and compliance affidavit, the renewal application and a criminal history check at every renewal.

Bonding fees of at least 10% of the bond and never more than the bond amount, at least 3% upfront with the balance within 12 months on a payment plan, and the prohibited activities in W.Va. Code §§51-10-3 to 51-10-7 and 114CSR103-5.

Written, prenumbered collateral receipts and their six required contents, and deposit of cash or check collateral within five banking days in a separate non-interest-bearing West Virginia trust account.

Discontinuing the business, death, incapacity or incompetence, transfer of the business, the grounds for suspension or revocation in 114CSR103-11.1, expiration and nonrenewal.