NASBP

Commercial Surety: An Introduction

Course Details

price
$189.00
This course is not subject to discount pricing.

Additional Credit Available:

Add Insurance CE

Delivery Method: 

Self-Study

PDF Download: 

Not Available

Provider of Record: 

WebCE

Last Reviewed: 

June 2022

Study Level: 

Intermediate

Prerequisites: 

None

Access Period:

12 months

Exam Requirements

Proctor Required: 

No

Passing Grade: 

70%

Questions: 

25

Retakes: 

Unlimited

Please note: Adding Additional Credit may change exam requirements.

Overview

The purpose of this course is to provide a thorough orientation to commercial surety compared with other forms of insurance and to give instruction on how to attend to the details of commercial surety bonds at all relevant stages. The focus is on the key elements of commercial surety and includes legal requirements, underwriting processes, participant roles, and risks. The course describes the required financial information and explains why and what should be collected and reviewed and how this information is used. The student will be introduced to the key factors in successful conduct, including working with bonds, proven management principles, and the ethical standards and expectations of a professional.

Learning Objectives

  • Commercial Surety Fundamentals
  • Evaluating Risk and Exposure
  • Underwriting the Principal
  • Professional Bond Agency Responsibilities

Designed For

Anyone looking for basics of commercial surety.