1. Briefly describe the following insuring agreements that appear in a financial institutions bond. a. Securities coverage b. Counterfeit money c. Fraudulent mortgage 2. Identify the three parties to...

1. Briefly describe the following insuring agreements that appear in a financial institutions bond.

a. Securities coverage

b. Counterfeit money

c. Fraudulent mortgage

2. Identify the three parties to a surety bond.

3. How do surety bonds differ from insurance contracts?

4. Identify three types of surety bonds and give an example where each can be used.