3. (TCO 9) The Inside the Premises Theft of Money and Securities insuring agreem

Question

3. (TCO 9) The Inside the Premises Theft of Money and Securities insuring agreement: (Points : 3)
covers money and securities on an open-peril basis.
includes coverage for employee infidelity.
covers insured property only while on premises.
usually contains an 80% coinsurance clause.
none of the above.


4. (TCO 9) Extra expense insurance covers: (Points : 3)
the loss of profits during a period of shutdown.
those normal expenses that continue during a period of shutdown or interruption.
salaries of key employees.
unusual expenses required to continue operations following damage to owned property caused by an insured peril.
none of the above.

Explanation / Answer

a) option c) option

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