AFSB 153 Exam comprehensive questions and
verified answers ACTUAL EXAM 2025 TEST!!
Graded A+ | 2025|2026 EXAM UPDATE
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Terms in this set (570)
guarantees that tariffs and duties will paid and that the
Customs Bond
principal will abide by customs laws and regulations
What is another name for guarantor
surety?
What does an investment interest rate
grade determine for a
principals credit rating?
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
Broker 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 they want to protect the public and safeguard our tax
interested in surety dollars
bonds?
, city
What local government township
entities require surety county
bonds? local court
water authority
What state government transportation and general services departments
entities require surety courts
bonds? departments of environmental protection
military- Department of Defense, Veterans Affairs,
What federal government
Customs
entities require surety
bureau
bonds?
court
contract
court
distinct classes of bonds license and permit
federal and public officials
miscellaneous
advanced payment
Most difficult bonds to
defendants appeal
write
pure financial guarantee
performance and payments
supply
Easiest bonds to write
license and permit
customs
blasting, handling and explosives
travel agencies
real estate brokers
Examples of License and
employment agencies
Permit bonds
motor vehicle dealers
plumbers
electrician
person bringing the legal action, it protects against
plaintiffs bond damages to the defendant that result from the legal
action filed by the plaintiff
verified answers ACTUAL EXAM 2025 TEST!!
Graded A+ | 2025|2026 EXAM UPDATE
Save
Terms in this set (570)
guarantees that tariffs and duties will paid and that the
Customs Bond
principal will abide by customs laws and regulations
What is another name for guarantor
surety?
What does an investment interest rate
grade determine for a
principals credit rating?
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
Broker 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 they want to protect the public and safeguard our tax
interested in surety dollars
bonds?
, city
What local government township
entities require surety county
bonds? local court
water authority
What state government transportation and general services departments
entities require surety courts
bonds? departments of environmental protection
military- Department of Defense, Veterans Affairs,
What federal government
Customs
entities require surety
bureau
bonds?
court
contract
court
distinct classes of bonds license and permit
federal and public officials
miscellaneous
advanced payment
Most difficult bonds to
defendants appeal
write
pure financial guarantee
performance and payments
supply
Easiest bonds to write
license and permit
customs
blasting, handling and explosives
travel agencies
real estate brokers
Examples of License and
employment agencies
Permit bonds
motor vehicle dealers
plumbers
electrician
person bringing the legal action, it protects against
plaintiffs bond damages to the defendant that result from the legal
action filed by the plaintiff
