Free Commercial Crime Practice Questions
Ohio Casualty exam (series 11-47) — 35 practice questions.
Subtopics: Fidelity/crime, Employee theft, Forgery or alteration, Computer fraud, Theft inside premises, Discovery vs loss sustained, ERISA fidelity, Outside the premises, Money orders and counterfeit, Funds transfer fraud, Robbery defined, Safe burglary defined, Clients property, Discovery form, Insuring agreements, Employee defined, Employee theft exclusions, Inventory shortages, Crime territory, Money and securities defined, Valuation, Robbery vs theft, Voluntary parting exclusion, Joint insured, Employee benefit plans, Fidelity bonds, Government crime, Crime insuring agreements, Crime exclusions, Fidelity bond types
Read the Commercial Crime study guide
Sample questions & answers
1. Coverage for an employer's loss from an employee's dishonest act is:
Fidelity (crime) coverage
Fidelity coverage is a bond or policy covering an employer's loss resulting from an employee's dishonest act.
2. The Employee Theft insuring agreement of a commercial crime policy covers loss of money, securities, or property resulting from:
Theft by the insured's employees
Employee theft coverage responds to loss caused by dishonest acts of the insured's own employees.
3. Forgery or Alteration coverage in a crime policy applies to loss involving:
Forgery or alteration of checks or drafts drawn by or on the insured
This insuring agreement covers losses from forged or altered checks, drafts, promissory notes, and similar instruments.
4. Computer Fraud coverage responds to loss of money, securities, or property resulting from:
Use of a computer to fraudulently transfer property from the premises or a banking premises
Computer fraud coverage applies when a computer is used to fraudulently cause a transfer of covered property.
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.
