Question

Which financial institution bond is designed for all types of insurance companies?

A) Commercial Banks Bond
B) Savings and Loan Association Bond
C) Credit Union Bond
D) Insurance Company Bond

Answer 1

The correct answer is Option D) Insurance Company Bond.

Step-by-step explanation:

The correct answer is Option D) Insurance Company Bond. Insurance companies typically issue bonds specifically designed for their needs. These bonds are known as Insurance Company Bonds. They are a type of financial instrument that insurance companies use to raise funds and manage their financial operations.