Exam (elaborations)
AFSB 152 Chapters 12 & 13 test questions fully solved & updated 2024.
- Course
- Institution
AFSB 152 Chapters 12 & 13 test questions fully solved & updated 2024.
[Show more]
Content preview
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.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BRAINBOOSTERS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67163 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now