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An underwriter approves a $25,000 license and permit bond requiring collateral as an additional safeguard. The underwriter did not notice the cumulative liability provision in
An underwriter approves a $25,000 license and permit bond requiring collateral as an additional safeguard. The underwriter did not notice the cumulative liability provision in the bond. In the fifth year, a claim is made against the bond. The maximum amount the surety is liable for is Available answer options Select only one option A $25,000. B $50,000. C $100,000. D $125,000
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