Tentamen (uitwerkingen)
AFSB 153 Sample Exam Questions with 100% Correct Answers | Latest Update 2024 | Verified
- Vak
- Instelling
AFSB 153 Sample Exam Questions with 100% Correct Answers | Latest Update 2024 | Verified
[Meer zien]Voorbeeld 3 van de 27 pagina's
Voorbeeld 3 van de 27 pagina's
In winkelwagen
In winkelwagen
Verkoper
Volgen
Themanehoppe
Ontvangen beoordelingen
Voorbeeld van de inhoud
AFSB 153 Sample Exam The surety relationship includes all of the following parties, EXCEPT: a. Surety b. Fiduciary c. Obligee d. Principal - ✔✔b. Fiduciary All of the following are recognized bond terms, EXCEPT: a. Noncancelable (open term) b. Definite term c. Continuous term d. Revolving term - ✔✔d. Revolving term In addition to assisting bond applicants to complete applications and indemnity agreements, some surety producers a. Investigate commercial surety bond losses. b. Design commercial surety bond forms. c. Have underwriting authority to execute bonds. d. Investigate applicants' credit reports, financial statements, and loss experience. - ✔✔c. Have underwriting authority to ex ecute bonds A surety would use an indemnity agreement rather than a bond application when a. The underwriter is concerned that the surety faces a greater -than-average risk of loss. b. Several subsidiaries of a corporation require a number of bonds. c. A producer with power of attorney and underwriting authority executes a bond. d. The surety reuqires signed indmenity agreements for all bonds. - ✔✔b. Several subsidiaries of a corporation require a number of bonds. An underwriter determines the surety 's ability to cancel a bond and the period of subsequent liability by a. Reviewing the bond form and the applicable laws. b. Reading the SAA documentation for that particular class of bonds. c. Studying court decisions in similar bond cases. d. None of the above determines the surety's ability to cancel or the liaiblity period. - ✔✔a. Reviewing the bond form and the applicable laws. In addition to the amount of the expected loss and investigative expenses, claim representatives should consider the followin g when setting reserves on commercial surety bond losses: a. Legislative loss reserve requirements. b. Producer commissions. c. Obligee's financial worth. d. Payment of interest. - ✔✔d. Payment of interest. Which one of the following SAA classifications o f license and permit bonds do sureties consider the most hazardous? a. Compliance bond with third -party liability b. Reclamation and environmental protection bonds c. Forfeiture bonds d. Merchandising and dealer bonds - ✔✔b. Reclamation and environmental p rotection bonds When should an underwriter require collateral for license and permit bonds? a. When the underwriter is certain that the principal will default on the bond obligation b. After the principal has defaulted on the bond obligation c. When the p rincipal presents a higher -than-average risk of default on the bond obligation d. When the principal fails to meet all underwriting requirements - ✔✔c. When the principal presents a higher -than-average risk of default on the bond obligation When might a court interpret bond language to include lawyers' fees that exceed the bond penalty when combined with other damages (excess awards)? a. Courts routinely allow lawyers' fees as excess awards when bond cases are tried. b. Bond language prohibit s courts from ever allowing excess awards. c. Courts often allow lawyers' fees as excess awards in bond claims presented by damaged third parties. d. Courts sometimes allow excess awards to punish a surety for bad faith or unfair claim settlement practices . - ✔✔d. Courts sometimes allow excess awards to punish a surety for bad faith or unfair claim settlement practices. Packers and Stockyards Act bonds are designed to protectDit zijn jouw voordelen als je samenvattingen koopt bij Stuvia:
Bewezen kwaliteit door reviews
Studenten hebben al meer dan 850.000 samenvattingen beoordeeld. Zo weet jij zeker dat je de beste keuze maakt!
In een paar klikken geregeld
Geen gedoe — betaal gewoon eenmalig met iDeal, Bancontact of creditcard en je bent klaar. Geen abonnement nodig.
Focus op de essentie
Studenten maken samenvattingen voor studenten. Dat betekent: actuele inhoud waar jij écht wat aan hebt. Geen overbodige details!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper Themanehoppe. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €9,42. Je zit daarna nergens aan vast.
Is Stuvia te vertrouwen?
4,6 sterren op Google & Trustpilot (+1000 reviews)
Afgelopen 30 dagen zijn er 63950 samenvattingen verkocht
Opgericht in 2010, al 15 jaar dé plek om samenvattingen te kopen
Laatst bekeken door jou
Tentamen (uitwerkingen) ·
Brock Biology of Microorganisms 15th– Test Bank SOLVED QUESTIONS WITH CORRECT ANSWERS 2020
Tentamen (uitwerkingen) ·
BSN 346 Chapter 10 Alterations in Immune Function Questions With Complete Solutions
Tentamen (uitwerkingen) ·
Business Management and Administration Cluster, Larger Quiz Questions and Answers (Graded A+)
Tentamen (uitwerkingen) ·
DSC1520 ASSIGNMENT 3 SEMESTER 1 – 2023 UNIGUE NUMBER :860914 DUE: 12 APRIL 2023 11:00 AM
Tentamen (uitwerkingen) ·
Deceased Estates Eleventh edition B de Clercq MC Schoeman-Malan P de W van der Spuy
Tentamen (uitwerkingen) ·
CMD 160 Final Part 2 2024 questions with verified correct answers - complete solution
Tentamen (uitwerkingen) ·
Level 1 Module 10 Basic Electrical Construction Drawings Exam 2023 with complete solution
Tentamen (uitwerkingen) ·
Solution Manual for Principles of Corporate Finance , 13th Edition by Richard Brealey
