Question

As a requirement for getting her New York adjuster license, Alice is required to submit proof of bonding with her application. She purchases a surety bond from PBJ Bonds. In this contract, PBJ Bonds would be considered the: A) Principal B) Obligee C) Surety D) Underwriter

Answer 1

In the New York adjuster license application, PBJ Bonds would be considered the surety.

Step-by-step explanation:

In this contract, PBJ Bonds would be considered the Surety. The surety is the party that provides the bond to the principal, which in this case is Alice. The surety guarantees to the obligee, who is the licensing authority in this scenario, that the principal will fulfill their obligations.

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