Crime

Question 1

How much is the deductible and employee theft?

Answer 1

$500

Question 2

In crime insurance, the discovery period In an expired loss sustained form is:

Answer 2

One year

Question 3

Under commercial crime discovery form lost must be discovered and policy period. Or within how many days of expiration?

Answer 3

60 days

Question 4

Employee theft applies to loss of all except. A. Money, B. Securities, C. Property other than money is it securities, D. Cost of proving amount of loss

Answer 4

D cost approving amount of loss

Question 5

Where a loss is covered by a commercial property policy and the crime policy and the crime policy will be:

Answer 5

Excess coverage

Question 6

The crime endorsement that covers loss due to threats of bodily harm or threats to damage property is called:

Answer 6

Extortion

Question 7

Money orders, counterfeit paper money covers loss due to taking the above coming from:

Answer 7

Any nation

Question 8

Employee theft may be written in all of the following ways

Answer 8

Named schedule, position schedule, blanket

Question 9

And the valuation part of the commercial crime coverage form, how are the securities valued?

Answer 9

Value on day of discovery of loss

Question 10

Employee theft is canceled at once if employer

Answer 10

Discovers diss honest act by employee

Question 11

Forgery or alteration covers which?

Answer 11

Alteration of negotiable Instruments

Question 12

Any act of stealing except employee dishonesty is called:

Answer 12

Theft

Question 13

What losses are covered under inside the premises – theft of money and securities:

Answer 13

Fire destroys contents of the cash register, moneybag disappears, thief steals bank deposit from office of the insured

Question 14

Forgery and alteration has a limit per:

Answer 14

Per person

Question 15

Taking of property by one who is caused or threatened to cause that person harm or committed an unlawful act witnessed by that person is called:

Answer 15

Robbery

Question 16

Under crime, all of the following are conditions required for losses under a prior loss sustained policy to be covered by the present one:

Answer 16

Discovery. Of prior policy expired, present policy effective on termination date of prior one, present policy would cover loss today.

Question 17

And employer has pissed off covered under employee theft. He learns quite by accident that a trusted employee had once, before being employed at his present job, so in some computer software from a retailer. The effect of the employer learning of this long ago theft is:

Answer 17

Immediate cancellation of employee

Question 18

And employer who wishes a certain amount of coverage under employee theft, on all employees and a substantial amount onto key employees would likely:

Answer 18

And doors excess coverage for specified employee and desired amount

Question 19

Taking of property from within the premises by a person unlawfully entering the premises as evidence of by marks of forcible entry or exit is called:

Answer 19

Burglary

Question 20

Outside the premises covers all:

Answer 20

Bank bag disappears from car on way to bank, car broken into you money stolen, car unlocked thief steals money

Question 21

Under discovery form of crime coverage, except for losses that involve employee benefit plans, losses must be discovered during policy day or within how many days of the expiration?

Answer 21

60 days

Question 22

Insured has inside the premises – theft of money insecurities. Assume his limits are adequate. He suffers the following lost $5000 cash, $2500 damage to say for the money was capped, $500 damaged on the premises due to explosion which open the safe, $1000 German blue-chip stocks made out to bear he will collect:

Answer 22

$9000

Question 23

Inside premises theft of money and security covers

Answer 23

Lots of money and security is inside premises, property damage during loss, destruction of securities. Extortion is not included