Afsb 151 chapter 8 - Study guides, Class notes & Summaries

AFSB 151 - Chapter 8 Review Questions with 100- correct answers.

AFSB 151 - Chapter 8 types of reinsurance ANSWER- - Facultative Reinsurance - Treaty Reinsurance - Pro Rata Reinsurance > Quota Share Reinsurance > Surplus Share Reinsurance - Excess of Loss Reinsurance ceding company ANSWER- A primary insurer of surety that shares all or part of an exposure, or exposures, to loss with a reinsurer. insurable interest ANSWER- An interest that exists when the insured derives a monetary benefit or advantage by the preservation and continued ...

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...

AFSB 151 CHAPTER 8: CLAIMS WITH COMPLETE SOLUTIONS 100% AFSB 151 CHAPTER 8: CLAIMS WITH COMPLETE SOLUTIONS 100%