asked 47.3k views
3 votes
A request for payment under an insurance contractor bond is called a...

a) Bond appeal
b) Claimant application
c) Bond invoice
d) Bond claim

asked
User Gimby
by
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1 Answer

5 votes

Final answer:

A request for payment under an insurance contractor bond is called a bond claim.

Step-by-step explanation:

The correct answer is d) bond claim. A request for payment under an insurance contractor bond is referred to as a bond claim. When a contract bond is issued, it guarantees that the contractor will fulfill their obligations as outlined in the contract. If the contractor fails to do so, the bond claim can be used by those who have been affected by the contractor's actions to request compensation.

answered
User Kern Cheh
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7.9k points
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