AFSB 153 FINAL SCRIPT PAPER 2026
VERIFIED SOLUTIONS FULL CONTENT
◉ All of these are risk factors associated with historical growth,
EXCEPT:
A: Number of employees
B: Number of locations
C: Historical loss exposures
D: Territory covered
Answer: C
◉ All public officials who handle money are required to follow which
one of the following procedures?
A: Deposit procedures
B: Withdrawal procedures
C: Audit procedures
D: Investment procedures
Answer: C
, ◉ Havert Sureties provides fiduciary bonds in several states. These
bonds guarantee that the principal will faithfully perform its duties
for its benefactors. Havert is in the process of writing such a bond
for a fiduciary appointed by a court to oversee the disposition of a
will. Which one of the following individuals or entities is considered
the distributee in this scenario?
A: Marshall - one of the relatives with money and property coming to
him according to the will.
B: Harriet Winston - she passed away and left the will that created
this scenario requiring a bond.
C: Joel Mason - the Havert surety underwriter who is examining this
fiduciary before writing the bond.
D: Havert Sureties - the entity providing the fiduciary bond that will
guarantee the fiduciary's performance.
Answer: A
◉ Which one of these ratios could reveal whether a financial
institution has exercised poor judgment, such as investing in junk
bonds?
A: Loans-to-deposits ratio
VERIFIED SOLUTIONS FULL CONTENT
◉ All of these are risk factors associated with historical growth,
EXCEPT:
A: Number of employees
B: Number of locations
C: Historical loss exposures
D: Territory covered
Answer: C
◉ All public officials who handle money are required to follow which
one of the following procedures?
A: Deposit procedures
B: Withdrawal procedures
C: Audit procedures
D: Investment procedures
Answer: C
, ◉ Havert Sureties provides fiduciary bonds in several states. These
bonds guarantee that the principal will faithfully perform its duties
for its benefactors. Havert is in the process of writing such a bond
for a fiduciary appointed by a court to oversee the disposition of a
will. Which one of the following individuals or entities is considered
the distributee in this scenario?
A: Marshall - one of the relatives with money and property coming to
him according to the will.
B: Harriet Winston - she passed away and left the will that created
this scenario requiring a bond.
C: Joel Mason - the Havert surety underwriter who is examining this
fiduciary before writing the bond.
D: Havert Sureties - the entity providing the fiduciary bond that will
guarantee the fiduciary's performance.
Answer: A
◉ Which one of these ratios could reveal whether a financial
institution has exercised poor judgment, such as investing in junk
bonds?
A: Loans-to-deposits ratio
