This Commercial Property Floater covering Bailees:

Candy’s Candies is a confectionery specializing in honey based candies. Candy’s Crime policy covers “employee theft” on a scheduled position basis, covering only the office manager, accountant, and bookkeeper. Candy’s Operations Manager has been selling cases of the tasty sweets in the black market for several months.

How will Candy’s Candies Crime policy compensate for the Operations Manager’s theft?

Which Crime insuring agreement covers loss of money and securities resulting from a theft within the insured’s building or money held at a bank?

Which insuring agreement provides coverage for loss by forgery or alteration of negotiable instruments, such as checks, drafts, promissory notes or similar instruments calling for payment of a sum certain in money.

Which if any of the following are differences between a surety bond and a contract of insurance? (choose all that apply)

Surety bonds are premised upon the fidelity of the principal along all but which of the following?

To be FWCJUA Tier One eligible an insured must meet which if any of the following qualifications?

The 1996 Health Insurance Portability and Accountability Act (HIPAA) requires, Long Term Care policies to be ________________.

Florida requires Long-Term Care, Major Medical, and Medicare Supplements policies to have a ____ Day “free look”. The provision allows the insured to return the policy within a certain number of days and receive a full refund.

The Health Insurance provision mandates a period of time between issuance and before sickness benefits begin. The goal of the provision is to minimize individuals buying coverage only when discovering they are sick.

King George’s Pipe and Tobacco Shop has a Business Owners Policy (BOP) with $500,000 of coverage on their building. The actual replacement cost of the building is $600,000. If the shop suffers a fire and “goes up in smoke” totally destroying the building how much will the insured receive as a claims payment on the building?