Fidelity bonds - Study guides, Class notes & Summaries

CAIB 3 - Chapter 5 - Surety Bonds Questions and Answers 100% Pass What guarantees are provided by various licence and permit bonds? 1. Compliance Guarantees 2. Financial Guarantees 3. Credit Guarantees Surety -The state of being sure, certain and secure. -"one who undertakes to pay money or to do any other act in event that his (the) principal fails therein." -Promises to answer for the default of the principal. Suretyship A guarantee of performance made by one person or entity...

STC SIE Exam Final Practice Questions and Answers Already Passed Which aspect of periodic payment variable annuities remains unchanged for the holder? A. The quantity of annuity units held by the client remains constant. B. The total number of accumulation units for the client remains fixed. C. Annuity agreements do not include beneficiaries. D. The monthly payment amount adjusts according to the inflation index. A. The quantity of annuity units held by the client remains constant. ...

AFSB 151 Test Questions & Answers 100% CorrectAFSB 151 Test Questions & Answers 100% CorrectAFSB 151 Test Questions & Answers 100% CorrectAFSB 151 Test Questions & Answers 100% 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 and specifications payment bond - ANSWER a contract bond ...

| 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 the case of a forfeiture bond, if the principal defaults the surety will pay - -Up to the bond penalty, but no more than the obligee's actual loss amount CB Construction entered into a constructi...

| 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 of a forfeiture bond, if the principal defaults the surety will pay - -Up to the bond penalty, but no more than the obligee's actual loss amount CB Construction entered into a construction contract...

AFSB 151 Final Exam with Complete Solutions 100% Verified 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 for fidelity and surety bonds in the United States? ️️Multiline property-casualty insurers Sureties use what written document to authorize a producer to act as the surety's agent in b...

An insured operates a auto repair shop and has a garage coverage form with garagekeepers insurance when an employee on a test drive with a customer's car is involved in a crash. How will the customer's car be covered by the insured's policy? - Answer- The customer's car is covered for any physical damage while in the custody of the insured. Liability arising out of any of the following is excluded from the personal and advertising injury liability coverage EXCEPT - Answer- unknowingly inf...

Property and Casualty Insurance KY ) UPDATED Exam Questions and CORRECT Answers All of the following are casualty coverages EXCEPT A. Auto Insurance B. Fidelity and Surety Bonds C. Ocean Marine insurance D. Crime Insurance - Correct Answer- C. Ocean Marine Insurance Which of the following describes the major responsibilities of an insurance company's claims department? A. Uses company standards and experience to determine whether or not to accept an application for insurance. B. ...

AFSB 151 Questions and Answers 100% Solved 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 specifications payment bond ️️a contract bond guaranteeing that the project will be free of liens public official bond ️️a commercial surety bond guaranteeing that a public official will perfo...

MONTANA CASUALTY LAWS EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS What can casualty licensees sell? - Precise Answer -Liability -Work Comp -Employer's Liability -Crime Insurance -Prepaid legal insurance -Vehicle Insurance Can casualty producers sell Title, Ocean Marine, or Inland Marine? - Precise Answer No! 1896 MT Surety Law - What does surety insurance include? What does it guarantee against? - Precise Answer Surety Includes: -Contract Bonds & Fidelity Bonds Guarantees Ag...