AFSB 151 PRACTICE EXAM BUNDLE/ EXAMINABLE

AFSB 152 EXAM (CHAPTERS 1 - 10) EXAM REVIEW QUESTIONS AND ANSWERS, VERIFIED/ How a typical design process works: - -1. The design professional interviews the client and measures current and future needs 2. The design professional reviews existing facilities for potential renovation and for thei...

(AFSB 151) CHAPTER 1: EXAM REVIEW QUESTIONS & ANSWERS. GRADED A+ A basic type of bond that involves all situations in which sureties guarantee performance of obligations that generally do not arise from contracts is - -commercial surety bonds bonds for which the laws specify the bond conditions...

AFSB 151 PRACTICE EXAMS REVIEW QUESTIONS & ANSWERS, GRADED A+/ VERIFIED 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 growi...

AFSB 151 PRACTICE EXAM REVIEW QUESTIONS & ANSWERS, VERIFIED/ Which one of the following characteristics is unique under American personal suretyship compared with corporate suretyship? - -Sureties were protected by laws that were favorable to them Except in the case of a forfeiture bond, if the...

AFSB 151 PRACTICE EXAM QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ 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 specif...

AFSB 151 CH. 4 PRACTICE EXAM QUESTIONS & ANSWERS, GRADED A+ Which one of the following is the producer's ultimate objective in the contractor-producer-underwriter relationship? - -To be as responsive as possible to the contractor's needs while presenting business that is reasonably consisten...

AFSB 151 ALL CHAPTERS EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+ Surety bond - -a written contracts that expresses one party's promise to another party's failure to do something promised Suretyship - -the obligation of one entity to answer for the debt, default, or miscarriage of performan...