AFSB 151 Bundled Exams with Complete Solutions 100% Verified

AFSB 151 FLEX QUESTIONS AND ANSWERS 100% SOLVED Which one of the following statements regarding fidelity bond claims is true? ️️By promptly investigating a bond loss, an insurer may discover that it has recourse against persons or entities whose conduct caused or contributed to the loss, ...

Afsb 151 Basics Test Questions And Answers 100% Solved statutory bonds ️️a bond required by regulation or ordinance statutes of frauds ️️law originating in English Parliament requiring that, to be enforceable, certain contracts must be in writing and signed. Surety's promise to an obl...

AFSB 151 All Chapters Questions and Answers 100% Solved Surety bond ️️a written contracts that expresses one party's promise to another party's failure to do something promised Suretyship ️️the obligation of one entity to answer for the debt, default, or miscarriage of performance ...

AFSB 151 Practice Exam Questions and Answers 100% Solved Which one of the following characteristics is unique under American personal suretyship compared with corporate suretyship? ️️Sureties were protected by laws that were favorable to them Except in the case of a forfeiture bond, if t...

AFSB 151 Final Exam with Complete Solutions 100% Verified A surety bond is a written document in which one party guarantees a second party's ️️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 th...

AFSB 151 Questions and Answers 100% Solved fidelity bonds ️️bonds that historically have guaranteed the performance of obligations that do not arise from contracts performance bonds ️️a contract bond guaranteeing that a contractor's work will be completed according to plans and spec...

AFSB 151 Vocabulary Test Questions and Answers 100% Solved Surety Bond ️️A written contract that expresses one party's promise to answer for another party's failure to do something as promised. Suretyship ️️The obligation of one entity to answer for the debt, default, or miscarriage ...

AFSB 151 Practice Exams with Complete Solutions 100% Verified 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? ️️Statutes of frauds Following the Civil War, the growing num...

AFSB 151 Study Guide- Questions and Answers 100% Solved 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. W...

AFSB 151 Practice Exam Questions and Answers 100% Solved 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 p...

AFSB 151 Practice Exam with Complete Solutions 100% Verified Large accounts should be monitored to ensure that when companies add subsidiaries or affiliates or are acquired by new owners, the new parties sign a new indemnity agreement. Otherwise, if a claim arises, the surety might have only ...