AFSB 151 Complete Exam Bundle Graded A+

AFSB 151 Study Guide Questions With Correct Answers Graded A+ Anthony is the surety producer for Coyle Construction (CC). CC has a pre-set annual surety credit line of $5 million/$30 million. About 3 months into the fiscal year, the contractor is bidding on an $8 million job and needs a bid bond. W...

AFSB 151 Practice Exam|Questions with 100% Correct Answers Large accounts should be monitored to ensure that when companies add subsidiaries or affiliates or are acquired by new owners, the new parties sign a new indemnity agreement. Otherwise, if a claim arises, the surety might have only which on...

AFSB 151 Ch. 2 Practice Exam|Questions with 100% Correct Answers When selecting a surety company for a bonding relationship with a contractor, The producer should consider the surety's suitability factors to the contractor's needs, including the surety's philosophies, financial capacity, stabil...

AFSB 151 Practice Exams|Questions with Latest Answers Graded A+ Any promise to answer for another person's debts or defaults, including the promise that a surety makes to the obligee under a bond, derives from which one of these? Statutes of frauds Following the Civil War, the growing number...

AFSB 151 Chapter 7 Practice Exam Questions Complete With A+ Graded Answers Which one of the following statements regarding fidelity bond claims is true? By promptly investigating a bond loss, an insurer may discover that it has recourse against persons or entities whose conduct caused or contribut...

AFSB 151 Final Exam|Complete With A+ Graded Answers A surety bond is a written document in which one party guarantees a second party's Performance to a third party for the second party's failure to fulfill an obligation. Which one of the these groups, for the most part, serves the market fo...

AFSB 151 Exam |Complete Questions with A+ Graded A+ Answers What are the 2 key roles that producers play - Prequalifying Contractors - Maintaining Communication What are the tasks of producers when prequalifying contracts? 1) Compiling Financial Docs 2) Conducting a background investigatio...

AFSB 151 Exam |Complete Questions with A+ Graded A+ Answers fidelity bonds bonds that historically have guaranteed the performance of obligations that do not arise from contracts performance bonds a contract bond guaranteeing that a contractor's work will be completed according to plans and...

AFSB 151 Exam |Complete Questions with A+ Graded Answers Which one of the following characteristics is unique under American personal suretyship compared with corporate suretyship? A. Sureties were protected by laws that were favorable to them. B. This form of suretyship was subject to statutor...

AFSB 151 Practice Exam Questions & Answers Graded A+ Any promise to answer for another person's debts or defaults, including the promise that a surety makes to the obligee under a bond, derives from which one of these? Statutes of frauds Following the Civil War, the growing number and comple...

AFSB 151 Practice Exam Q's|Complete with A+ Graded Answers A type of reinsurance transaction that involves an agreement between the primary insurer and the reinsurer specifying how to transfer risks, that defines the eligible risks in terms of lines and classes of business, that specifies the par...