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AFSB 151 - Chapter 8 Review Questions with 100- correct answers. $15.49   Add to cart

Exam (elaborations)

AFSB 151 - Chapter 8 Review Questions with 100- correct answers.

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  • Course
  • AFSB 151
  • Institution
  • AFSB 151

AFSB 151 - Chapter 8 Review Questions with 100- correct answers.

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  • August 7, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • AFSB 151
  • AFSB 151
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BRAINBOOSTERS
AFSB 151 -
Chapter 8
Review
Questions
with 100%
correct
answers

, Describe the circumstances under which
commercial and fidelity bond claims both
tend to originate. - answer Commercial bond
and fidelity bond claims usually originate
from relatively static circumstances.


Explain the effect that future events and
behavior have on the extent of the surety's
liability in a commercial bond claim. - answer
In a commercial bond claim, future events
and behavior have little, if any, effect on the
extent of the surety's liability.


Identify the issues that might be affected by
the insured's notice of a fidelity loss and the
fidelity insurer's prompt investigation. -
answer The insured's prompt notice of a
fidelity loss and the fidelity insurer's prompt
investigation may be important to issues of
liability, cause of loss, and minimization of
damages by the insured.


Describe a fidelity insurer's preferred
approach to beginning an investigation. -
answer The preferred approach to beginning

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