Course

Course Summary
Credit Type:
Course
ACE ID:
AICP-0078
Organization's ID:
AFSB 153
Organization:
American Institute For Chartered Property Casualty Underwriters/The Institutes
Location:
Classroom-based
Length:
11 weeks (44 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Commercial Surety
Description

Objective:

The course objective is to provide students with an in-depth knowledge of fidelity bonding, financial institution bonding, and noncontract surety bonding.

Learning Outcomes:

  • Describe the various types of noncontract surety bonds
  • Describe the exposures, coverages, forms, and standard practices associated with financial institution crime coverages
  • Apply commonly accepted production and underwriting principles to specific cases
  • Describe appropriate fidelity and crime coverages for specific exposures

General Topics:

  • Commercial surety overview
  • License and permit bonds
  • Public official bonds
  • Judicial bonds and admiralty bonds
  • Fiduciary bonds
  • Miscellaneous bonds and immigration bonds
  • Commercial crime coverages
  • Commercial crime and financial institution underwriting
  • Controlling crime loss exposures
Instruction & Assessment

Instructional Strategies:

  • Case Studies
  • Practical Exercises

Methods of Assessment:

  • Examinations

Minimum Passing Score:

70%
Supplemental Materials