Course offered by
The Institutes Knowledge Group
AFSB 152: Analyzing Contract Surety Bonding
Overview
Gain a comprehensive understanding of contract bond suretyship. Through this course you’ll gain the skills needed for navigating the legal aspects of contract bonds, explaining the contract bidding process, underwriting contract bonds and special situations, using financial statements, analyzing work in progress, using trend analysis and forecasting, and handling contract surety claims.
Skills You’ll Gain
Gain a comprehensive understanding of contract bond suretyship to serve all involved parties effectively: the principal, surety, and obligee.
Acquire a thorough grasp of contract bond underwriting practices to better help your organization develop and maintain a profitable book of business.
Enhance your ability to assess the specific risks and benefits within suretyship to improve risk selection and facilitate project success.
Familiarize yourself with contract pricing methods and terminology for navigating the legal and financial aspects of contracts.
Learn how to navigate the claims process to ensure fulfillment of the surety’s obligations and add value to your surety relationships.
Ready-Made Career Skills:
- Surety Bonds
- Contract Management
- Risk Assessment
- Contract Pricing
- Claims Handling
- Trend Analysis
- Trend Forecasting
Assignments
Exam Prep Tools
This course comes with proven, comprehensive study materials to help you take The Institutes Designations' exam with confidence:
- Online Course and Printed Course Book: Learn in the format that works best for you, depending on the course package you choose.
- Mobile App: A flexible and convenient way for you to assess your understanding anytime, anywhere.
- Practice Questions: Test your understanding throughout the course with knowledge checks and exam practice questions designed to reinforce key concepts, identify areas for review, and help you prepare with confidence.
- Simulated Exam: Strengthen your readiness using a timed exam that mirrors the structure and difficulty of the actual exam. Students who complete the simulated exam pass at higher rates than those who don't.
- Study Outlines: Reinforce your learning with study outlines designed to help you take notes and review the material as you progress through the course, with the option to print.
- Resources: Take advantage of optional learning resources to reinforce your understanding and support your personal study routine.
FAQs
- Does this course give me credit toward The Institutes Designations?
- Yes! AFSB 152 gives you credit toward the Associate in Fidelity and Surety Bonding (AFSB®) designation.
- How long does the course take?
- AFSB 152 typically takes students 6-8 weeks to complete.
- How is The Institutes Designations' exam structured?
- Virtual exams are timed. You will have 65 minutes to complete 50 questions.
- How do testing windows work?
- We offer exams in 4 testing windows throughout the year.* You can complete your exam at any time in the testing window that you registered for. Access your exam from your account when the window opens and complete any time until 11:59 p.m. ET on the final day of the window.
- Quarter 1: January 15 – March 15
- Quarter 2: April 15 – June 15
- Quarter 3: July 15 – September 15
- Quarter 4: October 15 – December 15
- We offer exams in 4 testing windows throughout the year.* You can complete your exam at any time in the testing window that you registered for. Access your exam from your account when the window opens and complete any time until 11:59 p.m. ET on the final day of the window.
*Exam windows that close on a weekend will be extended to the following business day.