AFSB 151 Ch. 4 Practice Exam Questions With Correct Answers

Which one of the following is the producer's ultimate objective in the contractor-producer-underwriter relationship? - Answer To be as responsive as possible to the contractor's needs while presenting business that is reasonably consistent with the surety's underwriting standards Which one of the following attributes of the contractor-producer-underwriter relationship requires periodic visits to the contractor's office, visits to project sites with the contractor, and meetings with the contractor's key people concerns? - Answer Ongoing dialogue Kevin is surety bond underwriter, who specializes in contract bonds. When evaluating a contractor's capacity, he likes to review the performance records for jobs completed in the past 5 years, and the contractor's work program for current and future jobs. Which one of the following would most likely cause Kevin to conduct a more careful underwriting evaluation? - Answer Multi-year future jobs in new geographical areas