CIC Commercial Multiline Section 3 Crime Exam Questions and Answers

CIC Commercial Multiline Section 3 Crime Exam Questions and Answers Identify the reasons for purchasing commercial crime insurance based on the exclusions and limitations of the Building and Personal Property Coverage Form with Causes Of Loss- Special Form - Answer ️️ Commercial Property policy does not coverage bills, currency, money, notes, accounts etc... limitations of the C.P.= -doesn't pay for mysterious disapperance -not covered for unathuorized property transfer -small limits ($2.5k) Excludes: Dishonest Acts Voluntary Parting Identify the 7 Insuring Agreements included in the Commercial Crime Coverage Form (Loss Sustained Form) as well as the Commercial Crime Coverage Form (Discovery Form) - Answer ️️ 1.) Employee Theft 2.)Forgery or Alterations