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Test

Chapter 4

L S 20 preguntas 5,0 (1 valoración)

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Preguntas del test (20)

  1. 1Fidelity bonds are a form of business insurance that offers an employer
    protection against losses, either monetary or physical, caused by it employees’
    fraudulent or dishonest actions.
    1. AVerdadero
    2. BFalso
  2. 2The insuring agreement is the portion of an insurance policy for which the insurer
    promises to make payment to or in behalf of the insured.
    1. AVerdadero
    2. BFalso
  3. 3Insuring agreements outline a broad scope of coverage, which is then narrowed by
    exclusions, and definitions.
    1. AVerdadero
    2. BFalso
  4. 4A discovery form of policy allows for coverage of loss as long as the policy is
    held after the time of the losses discovery.
    1. AVerdadero
    2. BFalso
  5. 5A loss-sustained form of policy only allows for the payment of loss if the loss
    was both sustained and discovered during the policies coverage.
    1. AVerdadero
    2. BFalso
  6. 6The limit of liability may be considered as an aggregate amount and/or a single
    loss amount.
    1. AVerdadero
    2. BFalso
  7. 7The aggregate amount of liability is the minimum amount an insurer would have
    to pay due to loss over a given policy agreement.
    1. AVerdadero
    2. BFalso
  8. 8A single loss limit of liability is the maximum amount an insurer would pay to an
    insured throughout the duration of a policy.
    1. AVerdadero
    2. BFalso
  9. 9________ is written for only the individual, and only covers the individual named
    in the bond.
    1. ANamed employee bond
    2. BSpecified position bond
    3. CIndividual bond
    4. DBlanket bond
  10. 10_________ is a comprehensive policy that does not require the distinction of
    individuals, rather the policy covers against the loss from all employees for which
    the policy or bond is granted.
    1. ANamed employee bond
    2. BSpecified position bond
    3. CIndividual bond
    4. DBlanket bond

Información

Descripción
Chapter 4 will make up approximately 10% of the examination resulting in around 5 questions.
Autor
L S
Idioma
English
Visitas
82
Valoración
5,0 de 5 · 1 valoración
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