FutureAdjusters
Quiz by , created more than 1 year ago

Future Adjusters Online Class - Chapter 11

8
0
0
FutureAdjusters
Created by FutureAdjusters almost 9 years ago
Close

Chapter 11

Chapter 11

Question 1 of 4

1

A guarantee that a contractual obligation will be fulfilled would require what type of bond?

Select one of the following:

  • Fidelity Bond

  • Mutual Bond

  • Surety Bond

  • James Bond

Explanation

Question 2 of 4

1

What are the three parties of bond contracts?

Select one of the following:

  • Principle, Obligee & Surety

  • Insured, Insurer & Claimant

  • 1st party, 2nd party & 3rd Party

Explanation

Question 3 of 4

1

Can bonds be changed after issuance?

Select one of the following:

  • True

  • False

Explanation

Question 4 of 4

1

The amount of the bond premium is called a Penalty?

Select one of the following:

  • True

  • False

Explanation

Previous
Next