AFSB

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Examen

AFSB 152 - Simulated Exam QUESTIONS AND VERIFIED ANSWERS
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diciembre 2025

2025/2026

A+
AFSB 152 - Simulated Exam QUESTIONS AND VERIFIED ANSWERS AFSB 152 - Simulated Exam QUESTIONS AND VERIFIED ANSWERS
Davieacademia
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Examen

AFSB 152 Exam Questions and Detailed Answers | New Update
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143

febrero 2025

2024/2025

A+
AFSB 152 Exam Questions and Detailed Answers | New Update The tender preparation stage of estimating begins after... - the architect and owner solicit bids, when the contractors begin their estimating processes To find clarity on payment bond terms, you can... - consult the applicable and relatively stable case law that does define the terms A surety needs additional information, such as _____________, to adequately evaluate the work-backlog risk of granting this bond - the contractor...
PROFFKERRYMARTIN
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Examen

AFSB 153 Sample Exam Questions and Answers 100% Solved | Rated A+
Disponible en un paquete

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31

diciembre 2024

2024/2025

A+
Disponible en un paquete
AFSB 153 Sample Exam Questions and Answers 100% Solved | Rated A+ 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...
JOSHCLAY
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Examen

AFSB 151 exam 2023 with 100% correct answers
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3.0

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48

octubre 2023

2023/2024

A+
Anthony is the surety producer for Coyle Construction (CC). CC has a pre-set annual surety credit line of $5 million/$30 million. About 3 months into the fiscal year, the contractor is bidding on an $8 million job and needs a bid bond. Which one of the following correctly describes Anthony's responsibility as the surety producer? Select one: A. Anthony should arrange a back-up surety with adequate capacity because CC appears to be outgrowing the capacity of the current surety. B. Anthony sho...
YANCHY
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Examen

AFSB 153 FINAL EXAM 2 QUESTIONS WITH SOLUTIONS 2025 GRADED A+
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15

marzo 2025

2024/2025

A+
hat relationship on individual bonds because a. The principals on individual bonds must indemnify the surety in the event of a bond loss, while principals on schedule bonds are not required to indemnify the surety. b. The principals on a schedule bond do not sign the bond form, so they do not personally enter into the contract, even though they are bonded. c. The protection provided by the schedule bond of a public official's subordinates increases the liability assumed under the indivi...
BOARDWALK
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Examen

AFSB 152 – exam 2023 with 100% correct answers
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32

octubre 2023

2023/2024

A+
Lansing Construction Company completed major jobs including road grading, bridges, and base and paving work. Which one of the following types of contractors is Lansing? · Heavy and highway construction · General Engineering contractor · General Building contractor · Design/build contractor - correct answer Heavy and highway construction The project owner for a new shopping plaza being built in Highville is the Highville Municipal Property Company. The role of the project owner at the ...
YANCHY
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Examen

AFSB 153 EVALUATION CORE QUESTIONS WITH SOLUTIONS 2025 GRADED A+
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11

marzo 2025

2024/2025

A+
Special Rate filing - The surety files a lower rate for a specific bond for group members. ie. often applies to a license and permit bond that all association members must file. Loss reserves - in all surety claims, amount of the expected loss should be the basis of reserve estimate on some occasions the reserve includes interest rate and lawyer and expert fees salvage - after surety has paid claim, it seeks to recover its loss through indemnification of the principal and other indemnitor...
BOARDWALK
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Examen

AFSB 153 PRACTICE TEST EXAM QUESTIONS WITH SOLUTIONS 2025 GRADED A+
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7

marzo 2025

2024/2025

A+
The obligee on a Packers and Stockyards Act bond is - The federal government When third-party liability is included on bonds for homeowners, sureties usually pay - Up to the bond penalty. Which one of the following is correct regarding pre-executed bonds? - Preexecuted bonds expedite service and reduce delays. Which one of the following correctly describes action an underwriter should take regarding compliance-only contractors bonds? - Confirm that the contractor has property and liability...
BOARDWALK
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