Rhode Island Notary Knowledge Assessment

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A notary's error on a property deed causes a significant financial loss for the buyer. If the notary has an Errors & Omissions (E&O) insurance policy, its primary purpose is to:

Pay for the notary's commission renewal fees. Satisfy a state-mandated bonding requirement. Protect the public from any and all notary misconduct. Protect the notary's personal assets from claims of unintentional errors and cover legal defense costs.

Correct Answer:

Protect the notary's personal assets from claims of unintentional errors and cover legal defense costs.

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