AFSB 151 Practice Exam Questions & Answers(FULL PACK SOLUTIONS!!)EXAM BUNDLEAFSB 151 Practice Exam Questions & Answers(FULL PACK SOLUTIONS!!)EXAM BUNDLEAFSB 151 Practice Exam Questions & Answers(FULL PACK SOLUTIONS!!)EXAM BUNDLEAFSB 151 Practice Exam Questions & Answers(FULL PACK SOLUTIONS!!)EXAM B...
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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? - ANSWERSStatutes of frauds Following the Civil War, the growing number and complexity of financial/commercial relationships led t...
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Add to cartAny 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? - ANSWERSStatutes of frauds Following the Civil War, the growing number and complexity of financial/commercial relationships led t...
Which one of the following characteristics is unique under American personal suretyship compared with corporate suretyship? - ANSWERSSureties 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 - ANSWERSUp to th...
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Add to cartWhich one of the following characteristics is unique under American personal suretyship compared with corporate suretyship? - ANSWERSSureties 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 - ANSWERSUp to th...
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' obligations, and for which eligible risks are automatic...
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Add to cartA 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' obligations, and for which eligible risks are automatic...
A surety bond is a written document in which one party guarantees a second party's -ANSWERS 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 State...
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Add to cartA surety bond is a written document in which one party guarantees a second party's -ANSWERS 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 State...
fidelity bonds - ANSWERSbonds that historically have guaranteed the performance of obligations that do not arise from contracts performance bonds - ANSWERSa contract bond guaranteeing that a contractor's work will be completed according to plans and specifications payment bond - ANSWERSa cont...
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Add to cartfidelity bonds - ANSWERSbonds that historically have guaranteed the performance of obligations that do not arise from contracts performance bonds - ANSWERSa contract bond guaranteeing that a contractor's work will be completed according to plans and specifications payment bond - ANSWERSa cont...
Which one of the following is the producer's ultimate objective in the contractor-producer-underwriter relationship? - ANSWERSTo 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 ...
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Add to cartWhich one of the following is the producer's ultimate objective in the contractor-producer-underwriter relationship? - ANSWERSTo 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 ...
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 following correctly describes Anthony's respon...
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Add to cartAnthony 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 following correctly describes Anthony's respon...
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