Free Commercial Crime Practice Questions
Maryland Property & Casualty exam (series 20-32) — 22 practice questions.
Subtopics: Fidelity bond, Definitions, Insuring agreements, Other crime coverages, Computer fraud, Employee theft, Forgery or alteration, Theft of money and securities, Discovery vs loss sustained, Inside the premises, Outside the premises, Funds transfer fraud, Money orders and counterfeit, Exclusions
Read the Commercial Crime study guide
Sample questions & answers
1. A fidelity bond protects an employer against:
Loss from dishonest acts of employees
Fidelity bonds protect an employer from financial loss caused by employee dishonesty such as theft or embezzlement.
2. Taking property from a person by force or threat of force is defined in commercial crime coverage as:
Robbery
Robbery is the unlawful taking of property from a person by force or threat; burglary requires forcible entry, and theft is any act of stealing.
3. Coverage for loss of money or property caused by an employee stealing from their employer is provided by:
Employee theft (dishonesty) coverage
The Employee Theft insuring agreement covers loss of money, securities, or property caused by employee dishonesty.
4. The taking of property by unlawful entry into premises, evidenced by visible signs of forced entry, is:
Burglary
Burglary requires unlawful entry into or exit from premises with visible marks of forcible entry.
All Property & Casualty topics
Practice: Commercial Crime
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
