Course offered by
The Institutes Knowledge Group
AFSB 151: Understanding Surety Bond Basics
Overview
Gain a strong fundamental understanding of suretyship to best apply the surety bonding process so you can effectively underwrite surety and fidelity bonds. Through this course you’ll acquire a thorough grasp of suretyship, surety bond production, underwriting commercial surety and fidelity bonds, underwriting contract surety bonds, investigating credit risk, using reinsurance, and handling surety bond claims.
Skills You’ll Gain
Gain a fundamental understanding of surety bonds to confidently work in this field and prepare for its more advanced aspects.
Learn methods for facilitating the surety bonding process to differentiate yourself from competitors and attract a larger customer base.
Grasp surety bond underwriting practices and strategies to develop and maintain a profitable book of business.
Improve your ability to evaluate a principal's financial stability, ensuring the selection of sound risks and safeguarding your organization's solvency.
Understand the unique aspects of handling surety bond claims so you can fulfill your obligations to all parties.
Ready-Made Career Skills:
- Surety Bonds
- Claims Handling
- Underwriting
- Risk Assessment
- Financial Analysis
- Reinsurance
- Fidelity Bonds
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 a designation?
- Yes! AFSB 151 gives you credit toward the Associate in Fidelity and Surety Bonding (AFSB®) designation.
- How long does the course take?
- AFSB 151 typically takes students 6-8 weeks to complete.
- How is the 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.