This topic contains a solution. Click here to go to the answer

Author Question: One commercial crime policy condition is termination as to any employee. This condition terminates ... (Read 75 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
One commercial crime policy condition is termination as to any employee. This condition terminates crime coverage
 
  A) on any employee once he or she is no longer employed by the company.
  B) on any employee once it is learned that he or she has committed a theft or dishonest act.
  C) on any employee who does not wish to be covered under the policy.
  D) on a selected category of employees (e.g. cashiers or clerical employees).

Question 2

Bishop Appliance Store is covered by a commercial crime insurance policy. The policy provides coverage for Employee Theft on a blanket basis.
 
  When the store owner arrived to open the store for business one morning, he discovered that many small electrical appliances were missing. A surveillance tape showed a company employee had disabled the burglar alarm before leaving work, and had returned to the store later and had taken the appliances. Which of the following statements regarding this loss is true?
  A) There is no coverage under Employee Theft as the loss was property, not money.
  B) There is no coverage as the employee was not specifically named in the policy.
  C) There is coverage because Employee Theft includes coverage for property.
  D) There is no coverage as it requires that the employee be caught while committing the theft.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

harveenkau8139

  • Sr. Member
  • ****
  • Posts: 304
Answer to Question 1

Answer: B

Answer to Question 2

Answer: C




BrownTown3

  • Member
  • Posts: 564
Reply 2 on: Jul 11, 2018
YES! Correct, THANKS for helping me on my review


Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

For a complete list of videos, visit our video library