Final answer:
A request for payment under an insurance contractor bond is called a claim. It's filed by the insured party when a covered loss occurs, which is different from other types of agreements like service contracts or warranties. The correct option is 2.
Step-by-step explanation:
A request for payment under an insurance contractor bond is called a claim. When an individual or entity pays a premium to an insurance company, they are purchasing a promise of compensation for specific potential future losses.
If such a covered loss occurs, the insured party files a claim to receive payment. In contrast to the other options listed, a claim is the correct term used when an insured party requests payment from an insurance company due to a loss that falls under the terms of their policy.
An occupational license is unrelated to insurance claims and refers to a certification that individuals may need to work in certain professions. A risk group is a category of insured individuals who share similar risks, which helps insurers determine premium rates and coverage terms.
Neither a service contract nor a warranty represents a request for payment under an insurance policy, though both involve agreements to repair or replace items under specific conditions.