Afsb 151 chapter 3 - Study guides, Class notes & Summaries

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AFSB 151 - Chapter 3 Review Questions
  • AFSB 151 - Chapter 3 Review Questions

  • Exam (elaborations) • 9 pages • 2024
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  • AFSB 151 - Chapter 3 Review Questions
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AFSB 151 Chapter 3 Exam Questions and Answers 2023
  • AFSB 151 Chapter 3 Exam Questions and Answers 2023

  • Exam (elaborations) • 6 pages • 2023
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AFSB 151 Chapter 3 Exam With 100% Correct Answers 2023
  • AFSB 151 Chapter 3 Exam With 100% Correct Answers 2023

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  • AFSB 151 Chapter 3 Exam With 100% Correct Answers 2023
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AFSB 151 Chapter 3 Exam Questions and Answers 2024
  • AFSB 151 Chapter 3 Exam Questions and Answers 2024

  • Exam (elaborations) • 7 pages • 2023
  • AFSB 151 Chapter 3 Exam Questions and Answers 2024 Identify the primary distribution system used by sureties. - ANS ️️ The primary distribution system used by sureties is insurance agents and brokers. Explain the legal difference between an agent and a broker. - ANS ️️ The legal difference between an agent and a broker is that an agent usually represent the insurer or surety under contract, and a broker usually represents an insurance applicant or insured. Identify the major factor...
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AFSB 151 Chapter 3 Exam Questions with Correct Answers
  • AFSB 151 Chapter 3 Exam Questions with Correct Answers

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  • AFSB 151 Chapter 3 Exam Questions with Correct Answers Identify the primary distribution system used by sureties. - Answer-The primary distribution system used by sureties is insurance agents and brokers. Explain the legal difference between an agent and a broker. - Answer-The legal difference between an agent and a broker is that an agent usually represent the insurer or surety under contract, and a broker usually represents an insurance applicant or insured. Identify the major factors ...
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AFSB 151 - Chapter 3| Questions with 100% Correct Answers | Verified
  • AFSB 151 - Chapter 3| Questions with 100% Correct Answers | Verified

  • Exam (elaborations) • 1 pages • 2024
  • AFSB 151 - Chapter 3 agent ANSWER- A party that is authorized to sell insurance or surety bonds.
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AFSB 151 - Chapter 5| 30 Questions with 100% Correct Answers | Verified
  • AFSB 151 - Chapter 5| 30 Questions with 100% Correct Answers | Verified

  • Exam (elaborations) • 3 pages • 2024
  • AFSB 151 - Chapter 5 1. agent's role in underwriting ANSWER- - Gathering and Analyzing the contractors financial information - Keep the contractor and surety informed of all matters that might influence the bond relationship. 2. underwriter's role in underwriting ANSWER- - Have open lines of communication with the contractor and agent. - Effective relationship with Home Office. - Responsive 3. "Three C's" of credit ANSWER- - Character - Capacity - Capital 4. character ANS...
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AFSB 151 Chapter 3 exam 2023 with 100% correct answers
  • AFSB 151 Chapter 3 exam 2023 with 100% correct answers

  • Exam (elaborations) • 7 pages • 2023
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  • Identify the primary distribution system used by sureties. correct answersThe primary distribution system used by sureties is insurance agents and brokers. Explain the legal difference between an agent and a broker. correct answersThe legal difference between an agent and a broker is that an agent usually represent the insurer or surety under contract, and a broker usually represents an insurance applicant or insured. Identify the major factors the producer considers when selecting an appr...
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