The only forms accepted to pay for the security deposit to be self insured are all of these plus cash except

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Multiple Choice

The only forms accepted to pay for the security deposit to be self insured are all of these plus cash except

Explanation:
The deposit to become self-insured must be funded by assets that are actually available or guaranteed to cover future claims. Cash is the simplest form, and the other accepted options provide real, enforceable guarantees: securities can be liquidated to pay claims, surety bonds offer a third‑party guarantee, and irrevocable letters of credit are bank guarantees that can be drawn on. A credit card does not provide guaranteed funds or an immediate, enforceable source of payment; it’s merely a borrowing line that may not be accessible or sufficient when needed. Therefore, credit cards are not an accepted form of the security deposit.

The deposit to become self-insured must be funded by assets that are actually available or guaranteed to cover future claims. Cash is the simplest form, and the other accepted options provide real, enforceable guarantees: securities can be liquidated to pay claims, surety bonds offer a third‑party guarantee, and irrevocable letters of credit are bank guarantees that can be drawn on. A credit card does not provide guaranteed funds or an immediate, enforceable source of payment; it’s merely a borrowing line that may not be accessible or sufficient when needed. Therefore, credit cards are not an accepted form of the security deposit.

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