AFSB 153 EXAM Questions &
Answers | 100% Verified
solutions | Questions with
Correct Answers 2026 Latest
Update!!
Customs Bond - 🧠 ANSWER ✔✔guarantees that tariffs and duties will paid
and that the principal will abide by customs laws and regulations
What is another name for surety? - 🧠 ANSWER ✔✔guarantor
,What does an investment grade determine for a principals credit rating? - 🧠
ANSWER ✔✔interest rate
Broker - 🧠 ANSWER ✔✔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
collateral requirements
help establish a single and aggregate program limit for your account
-they have access to multiple sureties and they will help the principal find
the right product for the right price based on the principals needs and
financial situation
Why are governments so interested in surety bonds? - 🧠 ANSWER ✔✔they
want to protect the public and safeguard our tax dollars
What local government entities require surety bonds? - 🧠 ANSWER ✔✔city
township
county
local court
,water authority
What state government entities require surety bonds? - 🧠 ANSWER
✔✔transportation and general services departments
courts
departments of environmental protection
What federal government entities require surety bonds? - 🧠 ANSWER
✔✔military- Department of Defense, Veterans Affairs, Customs
bureau
court
distinct classes of bonds - 🧠 ANSWER ✔✔contract
court
license and permit
federal and public officials
miscellaneous
Most difficult bonds to write - 🧠 ANSWER ✔✔advanced payment
defendants appeal
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, pure financial guarantee
Easiest bonds to write - 🧠 ANSWER ✔✔performance and payments
supply
license and permit
customs
Examples of License and Permit bonds - 🧠 ANSWER ✔✔blasting, handling
and explosives
travel agencies
real estate brokers
employment agencies
motor vehicle dealers
plumbers
electrician
plaintiffs bond - 🧠 ANSWER ✔✔person bringing the legal action, it protects
against damages to the defendant that result from the legal action filed by
the plaintiff
Answers | 100% Verified
solutions | Questions with
Correct Answers 2026 Latest
Update!!
Customs Bond - 🧠 ANSWER ✔✔guarantees that tariffs and duties will paid
and that the principal will abide by customs laws and regulations
What is another name for surety? - 🧠 ANSWER ✔✔guarantor
,What does an investment grade determine for a principals credit rating? - 🧠
ANSWER ✔✔interest rate
Broker - 🧠 ANSWER ✔✔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
collateral requirements
help establish a single and aggregate program limit for your account
-they have access to multiple sureties and they will help the principal find
the right product for the right price based on the principals needs and
financial situation
Why are governments so interested in surety bonds? - 🧠 ANSWER ✔✔they
want to protect the public and safeguard our tax dollars
What local government entities require surety bonds? - 🧠 ANSWER ✔✔city
township
county
local court
,water authority
What state government entities require surety bonds? - 🧠 ANSWER
✔✔transportation and general services departments
courts
departments of environmental protection
What federal government entities require surety bonds? - 🧠 ANSWER
✔✔military- Department of Defense, Veterans Affairs, Customs
bureau
court
distinct classes of bonds - 🧠 ANSWER ✔✔contract
court
license and permit
federal and public officials
miscellaneous
Most difficult bonds to write - 🧠 ANSWER ✔✔advanced payment
defendants appeal
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, pure financial guarantee
Easiest bonds to write - 🧠 ANSWER ✔✔performance and payments
supply
license and permit
customs
Examples of License and Permit bonds - 🧠 ANSWER ✔✔blasting, handling
and explosives
travel agencies
real estate brokers
employment agencies
motor vehicle dealers
plumbers
electrician
plaintiffs bond - 🧠 ANSWER ✔✔person bringing the legal action, it protects
against damages to the defendant that result from the legal action filed by
the plaintiff
