4 - D SURETY BONDS AND FIDELITY COVERAGES REVISED ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS

4 - D SURETY BONDS AND FIDELITY COVERAGES REVISED ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS As a requirement for getting his California adjuster license, Danny is required to submit proof of bonding with his application. He purchases a surety bond from PBJ Bonds. In this contract, Danny is considered the: A. Guarantor B. Obligor C. Obligee D. Indemnitor - Answer -B. Obligor (The obligor (a.k.a. principal) is the party that first agrees to fulfill an obligation, and is the one who purchases the bond)Need assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: In a surety bond, the maximum amount a surety is required to pay is known as a: A. Maximum allowance B. Penal sum C. Contract fee D. Top