Which of the following statements is (are)true with respect to financial institution bonds?
I.Fidelity Coverage covers losses resulting from the dishonest acts of employees.
II.Financial institutions usually insure their crime exposures through financial institutions bonds.

Question

Quizplus · Accepted Answer

I is true because fidelity coverage, also known as employee dishonesty coverage, specifically covers losses resulting from the dishonest acts of employees. 
II is also true because financial institutions typically insure their crime exposures, including losses resulting from employee dishonesty, through financial institution bonds.

Which of the Following Statements Is (Are)true with Respect to Financial