Level I


August 4 - 7, 2013
Westin Denver Dowtown
Denver, Colorado


General Information
Hotel Information
Online Registration (THERE ARE NO MORE SPACES AVAILABLE FOR THIS OFFERING)
Course Curriculum
Schedule of Events
Continuing Education

Level I - Open Book Test

General Information

School Attire
Business casual for classes, business attire for the Graduation Dinner

Welcome Reception
A Welcome Reception for Level I & II students and faculty will take place on Sunday from 6:30 pm - 7:30 pm.

Level I Graduation Reception/Dinner
On Wednesday the reception will begin at 5:30 pm followed by dinner from 6:00 pm - 7:30 pm.

Registration Information

The registration fee must be paid in advance of the school and includes registration for all classes, class material, the Welcome Reception, continental breakfast each day, coffee breaks, and the Graduation Reception and Dinner.  Travel, hotel accommodations, and all other incidental expenses are not included in the registration fee.


Registration

Surety School Level I Fees

  • Members/Affiliates/Associates - $1165

  • Non-Members - $2330

Students will be accepted on a space-available basis.  Register Early!

Registration cancellation policy
All cancellations must be sent in writing to NASBP at clee@nasbp.org or via fax at (202) 686-3656. For a full refund, a written cancellation must be received 30 calendar days prior to the start of the school. Cancellations received between 15 – 29 days prior to the school are eligible for a 50% refund. Cancellations received in less than 15 calendar days prior to the school are not eligible for refunds.  All refunds on payments made with credit cards will be charged a 5% processing fee.

CREDIT CARD CANCELLATION POLICY

When cancelling a registration paid for by credit card, all refunds will be issued by check only, and a 5% processing fee will be deducted from the refund

 


Hotel Information

1672 Lawrence Street
Denver, CO  80202

Accommodations/Hotel Rate - School attendees are responsible for making their own sleeping room accommodations with the Westin Denver Downtown.  A block of rooms with a discounted rate of $179 single/double (plus applicable taxes) for NASBP students has been reserved at the hotel.  Call the hotel reservations department directly and be sure to let them know you will be attending the NASBP Surety School to receive the discounted room rate.  To guarantee the rate, reservations must be made before Monday, July 1, 2013.  Reservations will be accepted on a space and rate available basis only.  The NASBP block could sell out before the cut-off date so book your room early.

 


Course Curriculum

Level I is intended for the novice producer, in-house bond department support staff, and those new to the industry. The curriculum includes: an overview of the surety industry, surety credit information gathering techniques, financial statement analysis, submissions to surety companies, commercial surety and introduction to claims handling.

Surety Credit Information Gathering Techniques

  • General Contractor Information
  • Letters
  • Documents

Introduction to Contractors' Financial Statements

  • Opinion Page
  • Balance Sheet
  • Income Statement
  • Financial Statement Notes
  • Work-in-Process

Submission to the Surety

  • Bid & Final Bonds
  • Design Build
  • Joint Ventures

Commercial Surety

  • Types
  • Markets & Marketing

Claims

  • Producer's Role in the Claim Process
  • Surety's Options

Case Study

  • Students are presented with a multiple year underwriting exercise and required to analyze and present solutions of how to manage it.

 

Schedule of Events

Sunday
6:30 pm - 7:30 pm Welcome Reception
 
Monday
7:30 am – 8:00 am Continental Breakfast
8:00 am – 5:00 pm Level I Class
   
Tuesday  
7:30 am – 8:00 am Continental Breakfast
8:00 am – 5:00 pm Level I Class
   
Wednesday
 
7:30 am – 8:00 am Continental Breakfast
8:00 am – 5:00 pm Level I Class
5:30 pm – 6:00 pm Graduation Reception
6:00 pm – 7:30 pm Graduation Dinner
   

Continuing Education Credit

For more information, please contact Charnita Lee or call (202) 686-3700.

2013 Winter School - Credits by State - Level I

Alabama - 21.0 Louisiana - 22.0 Ohio - 20.0
Alaska - not a provider Maine - 22.0 Oklahoma - 16.0
Arizona - 21.0 Maryland - 16.0 Oregon - 21.0
Arkansas - 23.0 Massachusetts - 17.0 Pennsylvania - 23.0
California - 22.0 Michigan - 22.0 Rhode Island - 16.0
Colorado - 23.0 Minnesota - 23.0 South Carolina - 24.0
Connecticut - 21.0 Mississippi - 12.0 South Dakota - 12.0
Delaware - 20.0 Missouri - 16.0 Tennessee - 22.0
Georgia - 23.0 Montana - 17.0 Texas - 15.0
Florida - 24.0 Nebraska - 21.0 Utah - 16.0
Hawaii - 20.0 Nevada - 22.0 Vermont - 21.0
Idaho - 22.0 New Hampshire - 22.0 Virginia - 21.0
Illinois - 15.0 New Jersey - 22.0 Washington - 22.0
Indiana - 21.0 New Mexico - 15.0 West Virginia - 14.0
Iowa - 21.0 New York - 15.0 Wisconsin - 22.0
Kansas - 12.0 North Carolina - 6.0 Wyoming - 16.0
Kentucky - 21.0 North Dakota - 22.0 Washington DC - 16.0