Afsb exam 2024 Study guides, Class notes & Summaries

AFSB 151 Practice Exam With Completely Detailed Solutions 2024

AFSB 151 Exam With Detailed Solutions 2024

AFSB 151 FINAL EXAM / 200+ QUESTIONS AND CORRECT ANSWERS 2023/2024 /GRADED A+ LATEST UPDATE. AFSB 151 Final Exam 2023 1. A surety bond is a written document in which one party guarantees a second party's: Performance to a third party for the second party's failure to fulfill an obligation. 2. Which one of the these groups, for the most part, serves the market for fidelity and surety bonds in the United States?: Multiline property-casualty insurers 3. Sureties use what written docume...

AFSB 151 Practice Exam With Completely Accurate Solutions 2024

AFSB 151 Practice Exam Q's & A’S 2024 A type of reinsurance transaction that involves an agreement between the primary insurer and the reinsurer specifying how to transfer risks, that defines the eligible risks in terms of lines and classes of business, that specifies the parties' obligations, and for which eligible risks are automatically reinsured, is -Answer-Treaty reinsurance A surety's liability for a surety bond can only cease to exist when the underlying obligation/agreement ha...

AFSB 151 FINAL EXAM / 200+ QUESTIONS AND CORRECT ANSWERS 2023/2024 /GRADED A+ LATEST UPDATE. AFSB 151 Final Exam 2023 1. A surety bond is a written document in which one party guarantees a second party's: Performance to a third party for the second party's failure to fulfill an obligation. 2. Which one of the these groups, for the most part, serves the market for fidelity and surety bonds in the United States?: Multiline property-casualty insurers 3. Sureties use what written docume...

AFSB 151 FLEX EXAM QUESTIONS AND ANSWERS 2024 Which one of the following statements regarding fidelity bond claims is true? - ANS ️️ By promptly investigating a bond loss, an insurer may discover that it has recourse against persons or entities whose conduct caused or contributed to the loss, but is not relevant to the proof of loss. Which one of the following statements regarding gathering information for surety claims is true? - ANS ️️ Claims by personnel can gather most of the n...

AFSB 151 Practice Exam Questions and Answers 2024 Which one of the following characteristics is unique under American personal suretyship compared with corporate suretyship? -Answer-Sureties were protected by laws that were favorable to them Except in the case of a forfeiture bond, if the principal defaults the surety will pay - Answer-Up to the bond penalty, but no more than the obligee's actual loss amount CB Construction entered into a construction contract with Lee Properties. The con...

AFSB 151 Practice Exam Questions and Answers 2024 Which one of the following characteristics is unique under American personal suretyship compared with corporate suretyship? -Answer-Sureties were protected by laws that were favorable to them Except in the case of a forfeiture bond, if the principal defaults the surety will pay - Answer-Up to the bond penalty, but no more than the obligee's actual loss amount CB Construction entered into a construction contract with Lee Properties. The con...

AFSB 151 Practice Exam With Well Detailed Solutions 2024