Surety bonds - Study guides, Class notes & Summaries
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AFSB 151 Final Exam Questions With Complete Solutions.
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AFSB 151 Final Exam Questions With Complete Solutions. 
 
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 production? 
A p...
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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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Test Bank for Principles of Risk Management and Insurance, 14th Edition by George E. Rejda
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Test Bank for Principles of Risk Management and Insurance 14e 14th Edition by George E. Rejda, Michael J. McNamara. ISBN-13: 1293 
 
Full Chapters test bank included 
 
PART 1: BASIC CONCEPTS IN RISK MANAGEMENT AND INSURANCE 
 
1. Risk and Its Treatment 
2. Insurance and Risk 
3. Introduction to Risk Management 
4. Enterprise Risk Management and Related Topics 
 
PART 2: THE PRIVATE INSURANCE INDUSTRY 
 
5. Types of Insurers and Marketing Systems 
6. Insurance Company Operations 
7. Financial Op...
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AFSB 151 Final Exam| 180 Questions with 100 % correct Answers | Verified
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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 
production? - A power of attorney 
While suretyship and banking bo...
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Bail Bonds Louisiana Exam Questions with Correct Answers
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Bail Bonds Louisiana Exam Questions with Correct Answers 
Acquit - Answer-to set free:to judicially discharge from an acquisition;to clear (a person) of a criminal charge 
 
Bail Enforcement - Answer-the apprehension or surrender of a principal by a natural person who is released on bail or who has failed to appear at and state of the proceedings to answer to the charge before the court, in which he may be prosecuted 
 
obligor - Answer-the party who owes the duty or debt; principal; in bail,th...
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Bail Bonds Louisiana Exam With 100% Correct Answers 2023
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Bail Bonds Louisiana Exam With 100% Correct Answers 2023 
Acquit - Correct Answer-to set free:to judicially discharge from an acquisition;to clear (a person) of a criminal charge 
 
Bail Enforcement - Correct Answer-the apprehension or surrender of a principal by a natural person who is released on bail or who has failed to appear at and state of the proceedings to answer to the charge before the court, in which he may be prosecuted 
 
obligor - Correct Answer-the party who owes the duty or debt...
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CAIB 3 - Chapter 5 - Surety Bonds Questions and Answers 100% Pass
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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...
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CAIB 3 - Chapter 5 - Surety Bonds Questions and Answers 100% Pass
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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 for another. It's basic 
function is to eliminate risk to the person to ...
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AFSB 153 Sample Exam | 80 Questions with 100% Correct Answers | Updated & Verified | 27 Pages
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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. Design commercial surety bond fo...
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Casualty Insurance Exam questions and answers graded A+ 2024
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Casualty Insurance Exam 
Coverage that is triggered when a claim is first made against the insured, regardless of when the injury took place, is known as - correct answer Coverage under the claims-made form 
 
According to the other insurance condition, which of the following are methods used to decide how the claim will be divided? - correct answer Contribution by equal shares or contribution with limits 
 
Which of the following limits of liability in a commercial general liability policy is t...
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AFSB 151 Practice Exam Questions | 216 Questions with 100% Correct Answers | Verified | 42 Pages
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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 with Lee Properties. The contract required 
that CB Construction obtain a performance bond, ...
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