Question: Friendly Surety has been asked to write a bond for the conservator of a minor. The bond will be in effect for 12 years. What
Friendly Surety has been asked to write a bond for the conservator of a minor. The bond will be in effect for 12 years. What might induce Friendly to offer a discount on the premium? Available answer options Select only one option A The bond penalty is less than $100,000 B The indemnity of the conservator C The fact that the conservator is the minor's uncle D The payment of the full 12-year premium in advance
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
