Principal

Understanding the Role of Principal in Surety Bonds
Explore the role and responsibilities of the Principal in surety bonds, including how the Principal is guaranteed by the surety company.
Understanding the Role of an Obligor (Surety) in Insurance
Learn about the obligor (also known as the surety or principal) in the context of insurance and legal obligations. Understand their responsibilities and significance.

Insurance Terms Lexicon

Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.

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