AFSB Practice Questions - AFSB Associate In Fidelity And Surety Bonding Exam

Which of the following is generally true about insurable interest in surety?

The surety must have an insurable interest in the principal There is no insurable interest requirement in a surety bond The obligee must have an insurable interest in the surety Insurable interest is required only on contract bonds

Correct Answer:

There is no insurable interest requirement in a surety bond

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