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. Fidelity coverage is a part of the financial institution bond which covers losses resulting from dishonest acts of employees. Therefore, statement I is true.

II. Financial institution bonds specifically insure crime exposures for financial institutions. Hence, statement II is also true.

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