Which of the following is an example of a judicial bond?
A) bonding a construction firm for performance
B) bond to allow a defendant to appeal a legal decision
C) bonding the treasurer of the city you live in
D) bond to make sure tax collections are paid
Correct Answer:
Verified
Q3: Which of the following is not a
Q6: Facultative reinsurance is:
A)automatic, on a treaty basis
B)always
Q9: The parties to a suretyship contract are:
A)principal,
Q10: Which of the following is typically not
Q27: When a $1 million insured loss occurs
Q39: Pro-rata reinsurance:
A) commits the reinsurer to pay
Q42: United Insurance Company insures Travelco for fire
Q51: In reinsurance, the primary insurer is also
Q54: When a primary insurer "cedes" coverage to
Q56: Professional reinsurance companies:
A) engage only in reinsurance
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