What type of insurance might include surety and fidelity coverage?

Study for the Michigan Surplus Lines Test. Prepare with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Limited Lines Insurance encompasses specialized forms of coverage, which include surety and fidelity coverage. Surety bonds provide a guarantee that a party will fulfill their contractual obligations, while fidelity bonds protect against employee dishonesty or theft. These types of insurance are typically not part of standard insurance categories like health, life, or commercial liability insurance.

Health insurance primarily covers medical expenses and does not relate to the responsibilities or conduct of individuals in terms of contractual obligations or employee behaviors. Life insurance focuses on providing financial support to beneficiaries upon the death of the insured, which does not involve the concepts of surety or fidelity. Commercial liability insurance covers businesses against claims for injury or damage, which also does not encompass surety or fidelity coverage.

Therefore, the definition and scope of Limited Lines Insurance make it the most suited choice for including surety and fidelity coverage.

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