Afsb 153 exam - Study guides, Class notes & Summaries

AFSB 153 - Practice Exam Questions with 100% Correct Answers | Latest Update 2024 | Verified

AFSB 153 Sample Exam with correct Answers 2024 The surety relationship includes all of the following parties, EXCEPT: a. Surety b. Fiduciary c. Obligee d. Principal - ANS ️️ b. Fiduciary All of the following are recognized bond terms, EXCEPT: a. Noncancelable (open term) b. Definite term c. Continuous term d. Revolving term - ANS ️️ d. Revolving term In addition to assisting bond applicants to complete applications and indemnity agreements, some surety producers a. Investiga...

AFSB 153 Sample Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS The surety relationship includes all of the following parties, EXCEPT: a. Surety b. Fiduciary c. Obligee d. Principal - Answer -b. Fiduciary All of the following are recognized bond terms, EXCEPT: a. Noncancelable (open term) b. Definite term c. Continuous term d. Revolving term - Answer -d. Revolving term In addition to assisting bond applicants to complete applications and indemnity agreem...

AFSB 153 Sample Exam Questions With 100% Correct Answers 2023

AFSB 153 Sample Exam with correct Answers 2023

AFSB 153 - Practice Exam Questions Which one of these is a reason that sureties face significant hazards on reclamation, mining, and removal bonds? - long-tail liability Which one of these statements about handling reclamation, mining, and removal bond claims is true? - Courts seldom rule in favor of sureties. Which one of these is the second phase of the reclamation process? - Revegetation Which one of these statements about surface or strip mining bonds is true? - The mining per...

AFSB 153 - Practice Exam Questions with 100% Correct Answers 2023

AFSB 153 - Practice Exam Questions and Answers 2023

AFSB 153 Exam Questions With Correct Answers Customs Bond - answerguarantees that tariffs and duties will paid and that the principal will abide by customs laws and regulations What is another name for surety? - answerguarantor What does an investment grade determine for a principals credit rating? - answerinterest rate Broker - answermain point of contact for a principal in working with a surety they start the dialogue with the surety negotiate the rate and indemnity agreement collater...