Risk management and insurance Please answer as many as you can Thank you again for all the help

surety is limited. Multiple Choice 23. All of the following statements about surety bonds are true EXCEPT: a. Surety bonds are written for the benefit of the obligee. b. State insurance commissioners regulate surety bonds. C. A surety bond will be cancelled if the premium is not paid. d. Surety companies do not expect to pay bond losses and therefore do not accumulate reserves in the way that an insurance company does. 24. Under an indemnity agreement, if a principal defaults under the conditions of the surety bond, a. the obligee must make good on those conditions. b. the surety must see that the contract is fulfilled or pay damages. c. the surety bond is cancelled and the premiums are refunded d. the surety may be allowed to withdraw if another surety can be found to take its place within a reasonable period of time. 25. Which type of bond might be used by a person or business who is routinely entrusted with property belonging top others? a. A license and permit bond b. A maintenance bond C A subdivision bond d. A fiduciary bond True/False 26. Under workers compensation laws injured workers relinquish their right to sue their employers for work-related injuries. 27. In order to be compensated, the worker's injury must have arisen while he or she was on the employer's premises. 28. Workers may be compensated for work-related injuries, but not dis