Chapter 11

Beschreibung

Future Adjusters Online Class - Chapter 11
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Zusammenfassung der Ressource

Frage 1

Frage
A guarantee that a contractual obligation will be fulfilled would require what type of bond?
Antworten
  • Fidelity Bond
  • Mutual Bond
  • Surety Bond
  • James Bond

Frage 2

Frage
What are the three parties of bond contracts?
Antworten
  • Principle, Obligee & Surety
  • Insured, Insurer & Claimant
  • 1st party, 2nd party & 3rd Party

Frage 3

Frage
Can bonds be changed after issuance?
Antworten
  • True
  • False

Frage 4

Frage
The amount of the bond premium is called a Penalty?
Antworten
  • True
  • False
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