Chapter 17: Commercial Crime Insurance

8 Questions | By Fsspc | Updated: Mar 22, 2022 | Attempts: 508

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1.

George Hawthorn is employed by Moison Appliances as a shipping clerk. As he is stacking TVs in the storage room, he is surprised by two men, both carrying guns. They proceed to empty the warehouse of TVs. This is an example of what?
- A.
  
  Burglary
- B.
  
  Robbery
- C.
  
  Mysterious disappearance
- D.
  
  A fidelity loss
2.

Which of the following must be true in a burglary?
- A.
  
  Property must be taken from a custodian or watchperson.
- B.
  
  There must be no evidence of force or violence.
- C.
  
  The burglary must involve unlawful entry or exit from the premises.
- D.
  
  There must be visible evidence of forcible entry or exit.
3.

Theft generally means which of the following?
- A.
  
  Any act of stealing
- B.
  
  Any act of stealing other than burglary or robbery
- C.
  
  Burglary and robbery only
- D.
  
  Employee dishonesty only
4.

Coverage for defense costs is included in which of the following?
- A.
  
  Computer Fraud coverage
- B.
  
  Forgery or Alteration coverage
- C.
  
  All of the Crime coverages
- D.
  
  None of the Crime coverages
5.

Who of the following would be considered custodians while having care and custody of company property inside the premises?
- A.
  
  A store clerk
- B.
  
  A company vice president
- C.
  
  A janitor
- D.
  
  A night watchperson
6.

In a Crime insurance policy, certificates of deposit are considered which of the following?
- A.
  
  Other property
- B.
  
  Money
- C.
  
  Securities
- D.
  
  Either money or securities
7.

What type of property is protected under Computer Fraud coverage?
- A.
  
  Money
- B.
  
  Securities
- C.
  
  Other property
- D.
  
  All of the above
8.

An insured must file a proof of loss within how many days after a loss?
- A.
  
  90 days
- B.
  
  30 days
- C.
  
  120 days
- D.
  
  60 days