# Property & Casualty Exam Prep 55, Surety and Fidelity Bonds

Page: https://stenobird.com/podcast/insurance-exam-prep-7644557/property-casualty-exam-prep-55-surety-and-fidelity-bonds
Text version: https://stenobird.com/podcast/insurance-exam-prep-7644557/property-casualty-exam-prep-55-surety-and-fidelity-bonds.md
Podcast: [Insurance Exam Prep](https://stenobird.com/podcast/insurance-exam-prep-7644557)
Published: 2026-07-27T23:26:01+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/bc52cc86-ddec-42d9-9887-9d825bdb28fe.mp3
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Duration seconds: 198

## Resource

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

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## Transcript

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