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AFSB 152 Chapters 12 & 13 test questions fully solved & updated 2024. $15.49   Add to cart

Exam (elaborations)

AFSB 152 Chapters 12 & 13 test questions fully solved & updated 2024.

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  • AFSB 152
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  • AFSB 152

AFSB 152 Chapters 12 & 13 test questions fully solved & updated 2024.

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  • August 7, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • AFSB 152
  • AFSB 152
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BRAINBOOSTERS
AFSB 152:
Chapters 12 &
13 test
questions fully
solved &
updated 2024
Salvage - answer The recovery that the
surety seeks through indemnification of the
principal and any other indemnitors after
paying a claim.


Exoneration - answer The surety's right to
require a principal to perform or post
collateral when a loss is imminent.

, Indemnification - answer The surety's
common law right to compensation from the
principal after paying a claim.


Quia timet - answer A court order that
enables the surety to attach the principal's
assets, prevents the principal from disposing
of assets, and aids the recovery of loss
payments.


Financing statement - answer The filed
public notice to perfect, or legally establish,
a creditor's rights under the Uniform
Commercial Code Section (UCC).


Unfair claim practices law - answer A state
law that specifies illegal claim practices.


Producer - answer Any of several kinds of
insurance personnel who place insurance
business with insurers and who represent
either insurers or insureds, or both.

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