Identify all of the parties to a surety bond

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a) Identify all of the parties to a surety bond and describe their roles.

b) Explain how the underwriting process for a surety bond differs from that of an insurance contract.

c) Distinguish between Excess Liability and Umbrella Liability coverage as it applies to Commercial Liability Insurance. In your answer, provide a basic example of each type.

Reference no: EM133062565

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