Free Commercial Crime Practice Questions
New Mexico Property & Casualty exam (series 18-31) — 22 practice questions.
Subtopics: Crime, 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. Employee dishonesty (fidelity) coverage on a New Mexico crime policy protects the business against:
Loss caused by dishonest acts of employees
Fidelity (employee dishonesty) coverage protects the employer against loss from dishonest acts of its own employees.
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.
