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AFSB 151 Exam Bundle Pack with Complete Solutions | Latest Update
AFSB 151 Exam Bundle Pack with Complete Solutions | Latest Update
[Show more]AFSB 151 Exam Bundle Pack with Complete Solutions | Latest Update
[Show more]AFSB 151: Understanding Surety Bond Basics Exam 
Questions and Answers 
Surety bond - ANS ️️ A written contract that expresses one party's promise to 
answer for another party's failure to do something as promised. 
Suretyship - ANS ️️ The obligation of one entity to answer for the debt, d...
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Add to cartAFSB 151: Understanding Surety Bond Basics Exam 
Questions and Answers 
Surety bond - ANS ️️ A written contract that expresses one party's promise to 
answer for another party's failure to do something as promised. 
Suretyship - ANS ️️ The obligation of one entity to answer for the debt, d...
AFSB 153 Sample Exam with correct Answers 2024 
The surety relationship includes all of the following parties, EXCEPT: 
a. Surety 
b. Fiduciary 
c. Obligee 
d. Principal - ANS ️️ b. Fiduciary 
All of the following are recognized bond terms, EXCEPT: 
a. Noncancelable (open term) 
b. Definite term...
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Add to cartAFSB 153 Sample Exam with correct Answers 2024 
The surety relationship includes all of the following parties, EXCEPT: 
a. Surety 
b. Fiduciary 
c. Obligee 
d. Principal - ANS ️️ b. Fiduciary 
All of the following are recognized bond terms, EXCEPT: 
a. Noncancelable (open term) 
b. Definite term...
AFSB 151 Practice Exam Questions & Answers 
Which one of the following characteristics is unique under American personal 
suretyship compared with corporate suretyship? - ANS ️️ Sureties were 
protected by laws that were favorable to them 
Except in the case of a forfeiture bond, if the principa...
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Add to cartAFSB 151 Practice Exam Questions & Answers 
Which one of the following characteristics is unique under American personal 
suretyship compared with corporate suretyship? - ANS ️️ Sureties were 
protected by laws that were favorable to them 
Except in the case of a forfeiture bond, if the principa...
AFSB 151 - Principles of Suretyship (Ch. 3: 
Bond Production) Exam 2023 
In the next step of the bond prequalification process, once the producer has 
compiled the contractor's financial documents showing significant liquidity, - 
ANS ️️ The producer may facilitate underwriter interviews to hel...
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Add to cartAFSB 151 - Principles of Suretyship (Ch. 3: 
Bond Production) Exam 2023 
In the next step of the bond prequalification process, once the producer has 
compiled the contractor's financial documents showing significant liquidity, - 
ANS ️️ The producer may facilitate underwriter interviews to hel...
AFSB 152 Practice Exam Part A Questions and Answers 
The two main types of construction are heavy and highway construction and - 
ANS ️️ The general building trades 
Dramatic increase in project size, taking work in new geographical areas, moving 
into new types of construction, and lack of mana...
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Add to cartAFSB 152 Practice Exam Part A Questions and Answers 
The two main types of construction are heavy and highway construction and - 
ANS ️️ The general building trades 
Dramatic increase in project size, taking work in new geographical areas, moving 
into new types of construction, and lack of mana...
AFSB 151 Practice Exams Questions with Answers 
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? - ANS ️️ Statutes of 
frauds 
Following the Civil War, the growing number and co...
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Add to cartAFSB 151 Practice Exams Questions with Answers 
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? - ANS ️️ Statutes of 
frauds 
Following the Civil War, the growing number and co...
(AFSB 151) Chapter 1 Quiz Questions with correct Answers 
A basic type of bond that involves all situations in which sureties guarantee 
performance of obligations that generally do not arise from contracts is - ANS ️️ 
commercial surety bonds 
bonds for which the laws specify the bond condition...
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Add to cart(AFSB 151) Chapter 1 Quiz Questions with correct Answers 
A basic type of bond that involves all situations in which sureties guarantee 
performance of obligations that generally do not arise from contracts is - ANS ️️ 
commercial surety bonds 
bonds for which the laws specify the bond condition...
AFSB 151 - Chapter 4 Exam with complete solutions 
Line Underwriter - ANS ️️ Underwriter who is responsible for implementing the 
steps in the underwriting process 
Staff Underwriter - ANS ️️ Underwriter who is usually located in the home 
office who assists underwriting management with maki...
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Add to cartAFSB 151 - Chapter 4 Exam with complete solutions 
Line Underwriter - ANS ️️ Underwriter who is responsible for implementing the 
steps in the underwriting process 
Staff Underwriter - ANS ️️ Underwriter who is usually located in the home 
office who assists underwriting management with maki...
AFSB 151 - Principles of Suretyship, Terms 
Questions and Answers 
Surety bond - ANS ️️ A written contract that expresses one party's promise to 
answer for another party's failure to do something as promised. 
Principal - ANS ️️ The party to a surety bond whose obligation or performance 
...
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Add to cartAFSB 151 - Principles of Suretyship, Terms 
Questions and Answers 
Surety bond - ANS ️️ A written contract that expresses one party's promise to 
answer for another party's failure to do something as promised. 
Principal - ANS ️️ The party to a surety bond whose obligation or performance 
...
AFSB 151 - Assignment 3 (Bond Production) 
Exam Questions and Answers 
Percentage of Completion Method - ANS ️️ Reports revenues and expenses in terms of 
percentage of work completed to date 
Agent - ANS ️️ represents surety in a contractual agreement and executes bonds in accordance 
with ...
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Add to cartAFSB 151 - Assignment 3 (Bond Production) 
Exam Questions and Answers 
Percentage of Completion Method - ANS ️️ Reports revenues and expenses in terms of 
percentage of work completed to date 
Agent - ANS ️️ represents surety in a contractual agreement and executes bonds in accordance 
with ...
AFSB 151 Study Guide Latest Updated 
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. Which 
one of the followi...
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Add to cartAFSB 151 Study Guide Latest Updated 
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. Which 
one of the followi...
AFSB 151 FLEX EXAM QUESTIONS AND ANSWERS 2024 
Which one of the following statements regarding fidelity bond claims is true? - 
ANS ️️ By promptly investigating a bond loss, an insurer may discover that it has 
recourse against persons or entities whose conduct caused or contributed to the 
loss...
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Add to cartAFSB 151 FLEX EXAM QUESTIONS AND ANSWERS 2024 
Which one of the following statements regarding fidelity bond claims is true? - 
ANS ️️ By promptly investigating a bond loss, an insurer may discover that it has 
recourse against persons or entities whose conduct caused or contributed to the 
loss...
AFSB 151 4: Commercial Surety and Fidelity 
Exam Questions and Answers 
line underwriter - ANS ️️ Underwriter who is primarily responsible for 
implementing the steps in the underwriting process. 
staff underwriter - ANS ️️ Underwriter who is usually located in the home office 
and who assis...
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Add to cartAFSB 151 4: Commercial Surety and Fidelity 
Exam Questions and Answers 
line underwriter - ANS ️️ Underwriter who is primarily responsible for 
implementing the steps in the underwriting process. 
staff underwriter - ANS ️️ Underwriter who is usually located in the home office 
and who assis...
AFSB 151 Chapter 6 Exam Questions and Answers 2024 
Equifax - ANS ️️ - A consumer credit report provide that offers investigative 
reports based on interviews and confirms unfavorable information with two or 
more sources 
- Services are used by insurers, lenders, trade creditors, merchants, etc...
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Add to cartAFSB 151 Chapter 6 Exam Questions and Answers 2024 
Equifax - ANS ️️ - A consumer credit report provide that offers investigative 
reports based on interviews and confirms unfavorable information with two or 
more sources 
- Services are used by insurers, lenders, trade creditors, merchants, etc...
AFSB 151 6: Credit Investigations Exam 
Questions and Answers 2024 
credit risk - ANS ️️ the chance that a party will be unable to make required 
payments on an obligation as they become due 
most significant federal credit law - ANS ️️ Consumer Credit Protection Act 
Title 1 - ANS ️️ Tr...
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Add to cartAFSB 151 6: Credit Investigations Exam 
Questions and Answers 2024 
credit risk - ANS ️️ the chance that a party will be unable to make required 
payments on an obligation as they become due 
most significant federal credit law - ANS ️️ Consumer Credit Protection Act 
Title 1 - ANS ️️ Tr...
AFSB 151 Ch.6: Credit Investigations Exam 
with complete solutions 
credit risk - ANS ️️ the chance that a party will be unable to make required 
payments on an obligation as they become due 
most significant federal credit law - ANS ️️ Consumer Credit Protection Act 
Title 1 - ANS ️️ Tr...
Preview 2 out of 12 pages
Add to cartAFSB 151 Ch.6: Credit Investigations Exam 
with complete solutions 
credit risk - ANS ️️ the chance that a party will be unable to make required 
payments on an obligation as they become due 
most significant federal credit law - ANS ️️ Consumer Credit Protection Act 
Title 1 - ANS ️️ Tr...
AFSB 151 Practice Exam Questions & Answers 
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 parties' obligatio...
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Add to cartAFSB 151 Practice Exam Questions & Answers 
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 parties' obligatio...
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