CPCU 551 Chp 9 Exam
Verified Exam Questions and Answers | Latest Updated Study Material
2026
Question:
Financial Institution Bond
Answer:
A policy that covers the crime loss exposures of financial institutions such as banks, savings and loan
institutions, and insurance companies.
Question:
Most used financial institution bond
Answer:
Standard from No. 24
Question:
Why are Financial institution bonds called "bonds"
Answer:
Employee dishonesty, a key coverage, was tradtionally called a "fidelity bond"
Question:
Enitities eligible for financial institution bonds are
Answer:
not eligible for the ISO Crime Forms
Question:
Computer and funds transfer fraud (Crime Insuring Agreement)
Answer:
not covered - Loss resutling form the fraudulent entry of electronic data into a computer system that
is not owned, leased, or operated by the named insured
, Question:
The forgery or alteration insuring agreement to a Commerical Crime Coverage Form
Answer:
coverage applies to loss caused by individuals who are not insured or employees or parterns of the
insured.
Question:
Inside the Premises
Answer:
Robbery or Safe Burglary of Other Property; example not covered - -Robbery committed against a
watch person working inside the insured's store
-Theft committed through a remote computer
Question:
Inside the Premises
Answer:
Robbery or Safe Burglary of Other Property; example covered - -Robbery committed against a
cashier working inside the insured's store
-Burglary committed against an employee of the insured
-Burglary committed against a salesperson working inside the insured's store
-an observed theft
-a robbery loss
Question:
Inside the Premises
Answer:
Robbery or Safe Burglary of Other Property; - It covers damage to the insured's premises resulting
from a covered cause of loss
Question:
Which Crime Coverage Form insurance agreement provides coverage on a full worldwide basis?
Answer:
Forgery or alteration
Verified Exam Questions and Answers | Latest Updated Study Material
2026
Question:
Financial Institution Bond
Answer:
A policy that covers the crime loss exposures of financial institutions such as banks, savings and loan
institutions, and insurance companies.
Question:
Most used financial institution bond
Answer:
Standard from No. 24
Question:
Why are Financial institution bonds called "bonds"
Answer:
Employee dishonesty, a key coverage, was tradtionally called a "fidelity bond"
Question:
Enitities eligible for financial institution bonds are
Answer:
not eligible for the ISO Crime Forms
Question:
Computer and funds transfer fraud (Crime Insuring Agreement)
Answer:
not covered - Loss resutling form the fraudulent entry of electronic data into a computer system that
is not owned, leased, or operated by the named insured
, Question:
The forgery or alteration insuring agreement to a Commerical Crime Coverage Form
Answer:
coverage applies to loss caused by individuals who are not insured or employees or parterns of the
insured.
Question:
Inside the Premises
Answer:
Robbery or Safe Burglary of Other Property; example not covered - -Robbery committed against a
watch person working inside the insured's store
-Theft committed through a remote computer
Question:
Inside the Premises
Answer:
Robbery or Safe Burglary of Other Property; example covered - -Robbery committed against a
cashier working inside the insured's store
-Burglary committed against an employee of the insured
-Burglary committed against a salesperson working inside the insured's store
-an observed theft
-a robbery loss
Question:
Inside the Premises
Answer:
Robbery or Safe Burglary of Other Property; - It covers damage to the insured's premises resulting
from a covered cause of loss
Question:
Which Crime Coverage Form insurance agreement provides coverage on a full worldwide basis?
Answer:
Forgery or alteration
