Afsb 153 - Study guides, Class notes & Summaries

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

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 permit process is time consuming and expensive....

AFSB 153 - Practice Exam Questions and Answers 2023

AFSB 153 EXAM QUESTIONS WITH 100% CORRECT ANSWERS | VERIFIED | LATEST UPDATE

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 permit process is time consuming and expensive....

AFSB 153 EXAM QUESTIONS WITH 100% CORRECT ANSWERS | VERIFIED | LATEST UPDATE

AFSB 153 Exam Questions and Answers 100% Pass | Guaranteed Success Customs Bond - guarantees that tariffs and duties will paid and that the principal will abide by customs laws and regulations What is another name for surety? - guarantor What does an investment grade determine for a principals credit rating? - interest rate Broker - main point of contact for a principal in working with a surety they start the dialogue with the surety negotiate the rate and indemnity agreement collatera...

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 fo...

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

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 agreements, some surety producers a. Investigate commercial surety bond losses. b. Design co...