Commercial Crime Part Flashcards
Taking of property from inside the premises or a locked safe or vault by a person who commits forcible entry
Burglary
Taking of property from the care and custody of a person by one who has:
- caused or threatened bodily harm to that person
Robbery
Any act of stealing
Theft
The loss of property when the cause of loss is not known
Mysterious Disappearance
The insured, or any of the insured’s partners or employees, while having care and custody of covered property while OUTSIDE the premises
Messenger
The insured, or any of the insured’s partners or employees, while having care and custody of covered property while INSIDE the premises
Custodian
Any person the insured retains specifically for the purpose of having care and custody of property inside the premises and who has no other duties
Watchperson
Which of the following is not considered a theft loss?
A) Burglary
B) Attempted theft
C) Robbery
D) Mysterious disappearance
D) Mysterious disappearance
What is the taking of property from the care of a person by threatening bodily harm?
A) Burglary
B) Attempted theft
C) Robbery
D) Mysterious disappearance
C) Robbery
For the purposes of crime policies, how long is a person an employee after employment is terminated, regardless of the reason for termination?
A) 15 days
B) 30 days
C) 60 days
D) 180 days
B) 30 days
Which of the following has the care and custody of the insured’s property outside the premises?
A) employee
B) watchperson
C) custodian
D) messenger
D) messenger
Commerical Crime policies are written for which of the following commerical enterprises?
A) private
B) government
C) publicly held
D) volunteer
A) private
The commerical crime coverage form offers how many types of insuring agreements?
A) 2
B) 4
C) 6
D) 8
D) 8
