Crime Flashcards
How much is the deductible and employee theft?
$500
In crime insurance, the discovery period In an expired loss sustained form is:
One year
Under commercial crime discovery form lost must be discovered and policy period. Or within how many days of expiration?
60 days
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
D cost approving amount of loss
Where a loss is covered by a commercial property policy and the crime policy and the crime policy will be:
Excess coverage
The crime endorsement that covers loss due to threats of bodily harm or threats to damage property is called:
Extortion
Money orders, counterfeit paper money covers loss due to taking the above coming from:
Any nation
Employee theft may be written in all of the following ways
Named schedule, position schedule, blanket
And the valuation part of the commercial crime coverage form, how are the securities valued?
Value on day of discovery of loss
Employee theft is canceled at once if employer
Discovers diss honest act by employee
Forgery or alteration covers which?
Alteration of negotiable Instruments
Any act of stealing except employee dishonesty is called:
Theft
What losses are covered under inside the premises – theft of money and securities:
Fire destroys contents of the cash register, moneybag disappears, thief steals bank deposit from office of the insured
Forgery and alteration has a limit per:
Per person
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:
Robbery
Under crime, all of the following are conditions required for losses under a prior loss sustained policy to be covered by the present one:
Discovery. Of prior policy expired, present policy effective on termination date of prior one, present policy would cover loss today.
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:
Immediate cancellation of employee
And employer who wishes a certain amount of coverage under employee theft, on all employees and a substantial amount onto key employees would likely:
And doors excess coverage for specified employee and desired amount
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:
Burglary
Outside the premises covers all:
Bank bag disappears from car on way to bank, car broken into you money stolen, car unlocked thief steals money
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?
60 days
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:
$9000
Inside premises theft of money and security covers
Lots of money and security is inside premises, property damage during loss, destruction of securities. Extortion is not included
