Property & Casualty Exam Prep 55, Surety and Fidelity Bonds
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The three parties to a surety bond: the principal, obligee, and surety. - How a surety bond guarantees the performance of the principal for the benefit of the obligee. - Why the principal must indemnify the surety for any losses paid under a surety bond. - How…
The skinny
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