AFSB 151 Ch. 4 Practice Exam Questions and Answers (Solved Papers) Which one of the following is the producer's ultimate objective in the contractor-producer-underwriter relationship?
- Correct Answers ✅To be as responsive as possible to the
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contractor's needs while presenting business that is reasonably consistent with the surety's underwriting standards Which one of the following attributes of the contractor- producer-underwriter relationship requires periodic visits to the contractor's office, visits to project sites with the contractor, and meetings with the contractor's key people concerns? - Correct Answers ✅Ongoing dialogue Kevin is surety bond underwriter, who specializes in contract bonds. When evaluating a contractor's capacity, he likes to review the performance records for jobs completed in the past 5 years, and the contractor's work program for current and future jobs. Which one of the following would most likely cause Kevin to conduct a more careful underwriting evaluation? - Correct Answers ✅Multi-year future jobs in new geographical areas Which one of the following in a bond applicant's personal and employment history provides the surety underwriter with evidence of good character? - Correct Answers ✅Timely trade payment record