AFSB 151 EXAM BUNDLE/ ALL FINAL COMPILATIONS

AFSB 151 STUDY GUIDE/ EXAM REVIEW QUESTIONS & ANSWERS/ 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. Whi...

AFSB 151 PRACTICE EXAMS REVIEW 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 ...

| latest 2024/25 exams updates | AFSB 151 PRACTICE EXAM QUESTIONS. 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...

AFSB 151 PRACTICE EXAM QUESTIONS & ANSWERS, GRADED A+ 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 parti...

| latest 2024/25 exams updates | AFSB 151 PRACTICE EXAM 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 o...

AFSB 151 FINAL EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+ 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 ...

AFSB 151 EXAM REVIEW QUESTIONS & ANSWERS/ GRADED A+ 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 statutory la...

AFSB 151 EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ 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...