Texas All lines adjuster license chapter 12 Bonds Questions And Answers.

Texas All lines adjuster license
chapter 12 Bonds Questions And
Answers




Bonds ,.invoke ,.three ,.parties ,._____ ,.- ,.(correct ,.answer) ,.-
The ,.principal, ,.this ,.is ,.the ,.party ,.whi ,.has ,.a ,.duty ,.to ,.perform ,.AKA ,.The ,.obligor



The ,.surety, ,.thisnis ,.the ,.party ,.guaranteeing ,.the ,.performance ,.by ,.the ,.principal. ,.The ,.surety ,.is ,.AKA ,.th
e ,.guarantor.



The ,.obligee ,.this ,.is ,.the ,.party ,.reimbursed ,.by ,.the ,.surety ,.if ,.the ,.principal ,.fails ,.to ,.perform.

Two ,.types ,.of ,.bonds ,.- ,.(correct ,.answer) ,.-Fidelity ,.bonds



Surety ,.bonds

fidelity ,.bonds ,.- ,.(correct ,.answer) ,.-
a ,.type ,.of ,.insurance ,.that ,.protects ,.a ,.business ,.from ,.employee ,.dishonesty.only ,.paid ,.out ,.when ,.a ,.con
viction ,.is ,.handed ,.down.

Name ,.schedule ,.bond ,.- ,.(correct ,.answer) ,.-
Fidelity ,.bond ,.that ,.covers ,.each ,.employee ,.named ,.in ,.the ,.policy ,.schedule ,.for ,.the ,.amount ,.listed ,.in ,.t
he ,.schedule.

Position ,.Schedule ,.Bond ,.- ,.(correct ,.answer) ,.-
Fidelity ,.bond ,.that ,.covers ,.specifically ,.named ,.positions ,.in ,.the ,.company ,.rather ,.than ,.the ,.individuals ,.
who ,.hold ,.these ,.positions.