License and permit bonds Study guides, Class notes & Summaries
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AFSB 151 Final Exam Questions With Complete Solutions Graded A+
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AFSB 151 Final Exam Questions With Complete Solutions Graded 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 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 bond p...
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NY Independent General Adjuster Exam - Series 17-70 Questions and Answers 100% Pass
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NY Independent General Adjuster Exam - Series 17-70 Questions and Answers 100% Pass Dram Shop Liability refers to: Liquor Law Liability. 
The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the policy? Neglect. 
To be eligible for the New York assigned risk auto plan a person must: Hold a valid driver's license. 
Any insurance...
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AFSB 153 - Practice Exam Questions | 84 Questions with 100% Correct Answers | Verified
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Which one of these is a reason that sureties face significant hazards on reclamation, mining, and 
removal bonds? - long-tail liability 
Which one of these statements about handling reclamation, mining, and removal bond claims is 
true? - Courts seldom rule in favor of sureties. 
Which one of these is the second phase of the reclamation process? - Revegetation 
Which one of these statements about surface or strip mining bonds is true? - The mining 
permit process is time consuming and expensive....
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CSLB Contractor's Law practice test Part 2 (Questions and Answers) 2024 / 2025
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When should you let your attorney see a construction contract? 
A. Before you let the client see the contract 
B. After the contract is prepared but before you sign it 
C. After the building permit is obtained 
D. After the contract is signed by you and the client -ANSWER-B. After the contract is 
prepared but before you sign it 
Which is the most correct statement as to what must be included in every home 
improvement contract? 
A. Notice of right to cancel 
B. Contractor's license number 
C. T...
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Texas Barber Exam Practice Test|2023 LATEST UPDATE|GUARANTEED SUCCESS
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Hair and nails are chiefly composed of a horny substance called? 
Keratin 
 
 
 
An even and smooth brush out cut over the entire head is called? 
Quo vidas 
 
 
 
Which of the following is an implement? 
Emery board 
 
 
 
What should be done after draping the client? 
Brush the hair 
 
 
 
How often must a barber, manicurist or barber technician license be renewed? 
Every two years 
 
 
 
How do you renew an individual license that has been expired for more than five years? 
Pay a 75 dollar ex...
And that's how you make extra money
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CPCU 551 - Addressing Commercial Property Risk Questions And Answers 2023
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CPCU 551 - Addressing Commercial Property Risk Questions And Answers 2023 
Condominium 
A real estate development consisting of a group of units, in which the air space within the boundaries of each unit is owned by the unit owner, and all remaining real and personal property is owned jointly by all the unit owners. 
 
 
 
Condominium unit 
The portion of a condominium owned solely by a unit owner. 
 
 
 
Common elements 
Areas of a condominium that are jointly owned by all unit owners, includin...
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Security Officer DC exam Questions and Answers Already Passed
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Security Officer DC exam Questions and Answers Already Passed Security officer Any person privately employed to do : 1. Prevent theft, misappropriation, or concealment of goods, wares, merchandise, money, bonds, stock certificates, or other valuable documents, papers, articles. 2. Prevent damage to real or personal property 3. Prevent assaults, gate crashing, or other disorders at meetings, events, or performances. 4. Prevent similar illegal occurrences. 
Security officer (part 2) Uniformed indi...
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AFSB 151 All Chapters Questions and Answers 100% Solved
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AFSB 151 All Chapters Questions and 
Answers 100% Solved 
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 
performance of duties by another entity 
Performance bond ️️a contract bond guaranteeing that a contractor's work will be completed 
according to plans and specifications 
Payment bond ️️a classificatio...
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AFSB 151 Exam |Complete Questions with A+ Graded Answers
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AFSB 151 Exam |Complete Questions with A+ Graded Answers 
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 law. 
C. This form of suretyship was subject to common law.Incorrect. Under American personal suretyship, sureties were protected by laws that were favorable to them. 
D. Surety bonds were required ...
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AFSB 153 Sample Exam
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AFSB 153 Sample Exam 
 
The surety relationship includes all of the following parties, EXCEPT: 
a. Surety 
b. Fiduciary 
c. Obligee 
d. Principal - b. Fiduciary 
 
All of the following are recognized bond terms, EXCEPT: 
a. Noncancelable (open term) 
b. Definite term 
c. Continuous term 
d. Revolving term - d. Revolving term 
 
In addition to assisting bond applicants to complete applications and indemnity agreements, 
some surety producers 
a. Investigate commercial surety bond losses. 
b. Desi...
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