Afsb 152 exam - Study guides, Class notes & Summaries

AFSB 152 Exam Questions and Answers 100% Solved What does the premium to surplus ratio indicate? ️️o Can show how much the capacity has to withstand underwriting miscalculations o More premiums written, the higher the ratio, and more cause for concern o Underwriting/investment losses cause a decrease in policyholders' surplus, and causes increase in ratio Suretyship ️️An obligation to pay the debts of, or answer for the default or miscarriage of another Benefits to Project ...

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AFSB 152 EXAM (Chapters 1 - 10) Questions and Answers 100% Solved 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 their ability to handle future growth needs 3. Professionals obtain required zoning approvals and ensures plans comply with government regulations 4. For new construction, the future owner either acquires ...

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AFSB 152 - The Institutes Practice Exam Questions and Answers 2023 Lansing Construction Company completed major jobs including road grading, bridges, and base and paving work. Which one of the following types of contractors is Lansing? • Heavy and highway construction • General Engineering contractor • General Building contractor • Design/build contractor - Correct Answer-Heavy and highway construction The project owner for a new shopping plaza being built in Highville is the Hig...

AFSB 152 Exam Questions and Answers 100% Solved Surety bond ️️A written contract that expresses one party's promise to answer for another party's failure to do something as promised. Surety ️️The party(usually an insurer) to a surety bond that guarantees to the obligee that the principal will fulfill an obligation or perform as required by the underlying contract, permit, or law. Obligee ️️The party to a surety that receives the surety's guarantee that the principal wil...

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