Bundle For AFSB 151 Exam Questions and Answers All Correct

AFSB 151 Exam Questions and Answers All Correct fidelity bonds - Answer-bonds that historically have guaranteed the performance of obligations that do not arise from contracts performance bonds - Answer-a contract bond guaranteeing that a contractor's work will be completed according to plans ...

AFSB 151 Practice Test Questions with Complete Solutions Surety Bond - Answer-A written contract that expresses one party's promise to answer for another party's failure to do something as promised Principal - Answer-The party to a surety bond whose obligation or performance the surety guaran...

AFSB 151 FLEX Exam Questions with Correct Answers Which one of the following statements regarding fidelity bond claims is true? - Answer-By promptly investigating a bond loss, an insurer may discover that it has recourse against persons or entities whose conduct caused or contributed to the loss...

AFSB 151 Chapter 3 Exam Questions with Correct Answers Identify the primary distribution system used by sureties. - Answer-The primary distribution system used by sureties is insurance agents and brokers. Explain the legal difference between an agent and a broker. - Answer-The legal difference ...

AFSB 151 Final Exam Questions and Answers All Correct A surety bond is a written document in which one party guarantees a second party's - Answer-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 th...

AFSB 151 Chapter 6 Exam Questions with Correct Answers Equifax - Answer-- A consumer credit report provide that offers investigative reports based on interviews and confirms unfavorable information with two or more sources - Services are used by insurers, lenders, trade creditors, merchants, etc....

AFSB 151 Study Questions with All Correct Answers pro rata reinsurance - Answer-A type of reinsurance in which the primary insurer and reinsurer proportionately share the amounts of insurance, policy premiums, and losses (including loss adjustment expenses) treaty reinsurance - Answer-A reins...

AFSB 151 Practice Exams Questions and Answers A Grade 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? - Answer-Statutes of frauds Following the Civil War, the growing numbe...

AFSB 151 Chapter 4 Test Questions with Correct Answers Line Underwriter - Answer-underwriter who evaluates individual applicants and policies subject to renewal, referred to as a "desk" underwriter. Staff Underwriter - Answer-underwriter at home office who assists underwriting management wi...

AFSB 151 2023 Exam Questions with Correct Answers Surety and Fidelity Association of America (SFAA) - Answer-An advisory organization of insurers engaged in suretyship that represents its member companies in gathering and analyzing statistical information, preparing regulatory filings and publicat...