Contract Surety | The Institutes

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Contract Surety

Contract Surety
AFSB 152
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Learn how to identify and underwrite contract bonds.


  • Legal aspects of contract bonds
  • The contract bidding process
  • Contract bond underwriting
  • Financial statements
  • Analyzing work in progress
  • Analyzing contractors' financial statements
  • Trend analysis and forecasting
  • Underwriting other contract bonds
  • Contract surety claims

Course Level


Suggested Self-Study Time

5-7 Weeks



Get the Tools You Need to Succeed

Each course is supported with textbooks, practice exams and more

Bottom-Line Benefits

Enhance your effectiveness.

Improve your underwriting skills by learning how to analyze contractor financial statements.

Demonstrate your commitment to your career.

Stand out as a qualified professional by effectively using trend analysis and forecasting to evaluate contractor capacity. 

Confidently handle complex customer needs.

Better serve principals and obligees with your enhanced understanding of contract surety.

“The AFSB designation serves as a concrete measure of my competency and knowledge of the surety industry...”


Caroline Murphree Roberson, CPA, AFSB
Underwriting Operation Analyst
Lexon Surety Group

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