Series 50: Other Protective Covenants

Taken from our Series 50 Online Guide

Other Protective Covenants

An insurance covenant is a promise to bondholders that the issuer will carry enough insurance to protect the project against damage or destruction to the facility. A financial reports covenant requires the issuer to keep financial reports and have them audited annually by an outside certified public accountant.

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I haven't taken an exam in about 15 years and I'm happy to report that I passed the Series 50 Municipal Advisor exam on my first attempt. The material was extremely thorough and comprehensive. The online questions, quizzes and exams were very comparable in difficulty to the actual exam, thus providing the foundation for my success. Thank you for your guidance.

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