Episode
Property & Casualty Exam Prep 55, Surety and Fidelity Bonds
- Podcast
- Insurance Exam Prep
- Published
- Jul 27, 2026
- Duration seconds
- 198
- Processing state
not_requested- Canonical source
- https://open-exam-prep.com/
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Summary
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 a fidelity bond protects a business from the dishonest acts of its employees. - The key differences in how claims are handled between surety and fidelity bonds. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep