Commercial Crime (UT-PC)

Which of the following would NOT be considered an employee as defined by a Crime policy?

What term describes an insured, partner, or employee while having care and custody of property inside the premises?

What term describes an insured, partner, or employee while having care and custody of property outside the premises?

What term describes the point in time when the insured first became aware that a loss covered by the policy occurred?

Which of the following statements is true about Theft?

Which term is defined as: unlawful taking of property from within a locked safe or vault by entering the safe or vault as evidenced by marks of forcible entry; or the unlawful taking of a safe or vault from inside the premises?

Eddie, an employee of Bonnie’s Bagels and Burritos Restaurant, stole money from his employer. Which insuring agreement on Bonnie’s Crime policy will pay for this loss?

Grant owns a grocery store. After closing the store for the night, Grant was robbed on his way to the bank to deposit the money he earned that day.  $10,000 was stolen. Which insuring agreement on Grant’s Crime policy will pay for this loss?

Which Crime coverage form provides coverage for losses that occur during the policy period and are discovered during the policy period or an extended reporting period?

Which Crime coverage form provides coverage for losses that occur at any time and discovered during the policy period or an extended reporting period?

A robber walked into Danny’s Deli Sandwich Shop during business hours, pulled a gun on the clerk, demanded money, and stole $5,000. Which insuring agreement on Danny’s Crime policy will pay for this loss?

Ernie’s Hardware Store was force to pay $100,000 after Ernie was kidnapped at gunpoint and threatened. Which Crime endorsement can pay for this loss?