All of the following terms describe a loss covered by a commercial crime policy, except:

a. Covers a loss that was discovered within one year of the termination of the policy period

b. Covers a loss that was discovered during the policy period

c. Might require the use of a Retroactive Date

d. Covers a loss that did not necessarily occur during the policy period

Question

Social Studies

Gary Valdez

17 April, 23:16

All of the following terms describe a loss covered by a commercial crime policy, except:

a. Covers a loss that was discovered within one year of the termination of the policy period

b. Covers a loss that was discovered during the policy period

c. Might require the use of a Retroactive Date

d. Covers a loss that did not necessarily occur during the policy period

+4

Answers (1)

Know the Answer?

Imani · Answer 1

The following terms describe a loss covered by a commercial crime policy except:

a. Covers a loss that was discovered within one year of the termination of the policy period.

Explanation:

All of the given statements except "covers a loss that was discovered within one year of the termination of the policy period." belongs to the Discovery crime coverage form. A discovery crime coverage can provide a loss that was discovered during the policy year and also that was not necessarily occurred during the policy period. A discovery crime coverage form might require the use of a retroactive date.