Crime Claims study 9

Question 1

A clause in a fidelity bond that extends its coverage provided by the previous fidelity bond but that is not recoverable from the latter due to the fact that it’s discovery period has lapsed.

Answer 1

Superseded suretyship rider

Question 2

A form of insurance that protects the employer against loss of money, securities, or other property arising from the fraudulent or dishonest act of a single employee or multiple employees, whether the loss results from the employee acting alone or in collusion with others.

Answer 2

fidelity bond