AFSB case studies
AFSB · Put your knowledge to work in context.
The Associate in Fidelity and Surety Bonding (AFSB) is an associate-level professional designation in the surety and crime-insurance field. The Institutes Knowledge Group lists it among its claims and underwriting designations, and its navigation menu links the AFSB to a dedicated designation page. The AFSB case studies are 5 cases and about 3,176 words.
1Discovery After Replacement: Two Crime Policies, One Theft
Ridgeway Dental Group carried employee theft coverage of 500,000 with Carrier A through June 30, 2024, when Carrier A non-renewed the account. On July 1, 2024, Ridgeway bound a 250,000 employee theft limit with Carrier B; both forms are discovery-based crime forms.
657 words, about 3 min2Spoofed Executive Email: Which Crime Insuring Agreement Fits
Northline Metals' controller received an email that appeared to come from the company's president, who was traveling. The email instructed her to wire 185,000 to a new steel supplier to capture a discount; it included a PDF invoice with the supplier's letterhead.
671 words, about 3 min3Performance Bond: Change Orders, Prepayment, and the Penal Sum Ceiling
Halden County awarded a 4,000,000 contract to Merrick Construction to build a salt storage facility. Merrick furnished a 4,000,000 performance bond and a 4,000,000 payment bond, both AIA A312-style.
639 words, about 3 min4Payment Bond: Missed Notice, a Second-Tier Supplier, and an Oversubscribed Penal Sum
Trellis Unified School District awarded a 12,000,000 gymnasium project to Kestrel Builders. Kestrel furnished a payment bond with a 12,000,000 penal sum.
597 words, about 3 min5License Bond: Scope, Proration, and Cancellation
The City of Marlow requires every licensed plumbing contractor to post a 25,000 license bond. The bond's condition is that the principal 'shall comply with the city's plumbing code and shall not engage in unlicensed or fraudulent contracting.' Marlow Plumbing posted the bond; in October the city revoked its license after an inspector found unpermitted gas-line work.
612 words, about 3 min