INSR 441 Ch 5 Key terms

Card Set Information

Author:
weese4003
ID:
7976
Filename:
INSR 441 Ch 5 Key terms
Updated:
2010-02-24 14:15:55
Tags:
INSR 441 Ch 5 Key terms
Folders:

Description:
INSR 441 Ch 5 Key terms
Show Answers:

Home > Flashcards > Print Preview

The flashcards below were created by user weese4003 on FreezingBlue Flashcards. What would you like to do?


  1. Commercial Crime Insurance
    Insurance that covers 1. money and securities against numerous perils and 2. property other than money and securities against crime perils, such as employment theft, robbery, theft by outsiders, and extortion.
  2. Discovery Form
    Form that covers losses discovered during the policy period even though they may have occured before the policy period
  3. Loss Sustained form
    Form that covers losses actually sustained during the policy period and discovered no later than one year after policy expiration
  4. Theft
    The unlawful taking of money, securities, or other property to the deprivation of the insured
  5. Forgery
    Signing the name of another person with the intent to decieve
  6. Alteration
    Something done to a written instrument that changes its meaning or terms without the consent of all parties to the instrument
  7. Custodian
    The named insured, of any named insureds partners or members, or the named insured's employee while having care and custody of the property inside the premisis
  8. Messenger
    The named insured, of any named insureds partners or members, or the named insured's employee while having care and custody of the property outside the premisis
  9. Copmputer fraud coverage
    Coverage for loss of covered property due to use of a computer to fraudlently transfer covered property to wrongdoer
  10. Financial institution bond
    A policy that covers the crime loss exposure of financial institutions such as banks, savings and loan institutions, and insurance companies

What would you like to do?

Home > Flashcards > Print Preview