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ABC Industries found that an ex-partner had embezzled $500,000 in company funds three years ago and notified the insurer. If the insurer covers the loss, what type of Commercial Crime coverage form does ABC own?
a. Loss Sustained Form
b. Midi-tail form
c. Discovery Form
d. Supplementary Reporting period form
Answer: C
The above question ABC Industries found that an ex-partner had embezzled $500,000 in company funds three years ago and notified the insurer. If the insurer covers the loss, what type of Commercial Crime coverage form does ABC own?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
