A Pony Express Armored Car was transporting bank receipts from six branch banks to the main bank.A group of robbers staged a daring robbery.They forced the armored car off the road,shot two guards,and took over $120,000 in cash.Which insuring agreement in a financial institution bond would cover the stolen money in this case?

Question

Quizplus · Accepted Answer

Insuring Agreement C-In Transit covers losses that occur while money is being transported between locations. Since the stolen money was being transported from branch banks to the main bank, this insuring agreement would cover the loss.

A Pony Express Armored Car Was Transporting Bank Receipts from Six