All of the Following Are ISO Commercial Crime Coverage Exclusions

question 28

Multiple Choice

All of the following are ISO commercial crime coverage exclusions EXCEPT

• A)dishonest acts committed by a named insured or partner of the named insured.
• B)indirect loss resulting from covered losses.
• C)theft committed by an employee of the named insured.
• D)losses from unauthorized trading in stocks and bonds.

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Definitions:

Cost Drivers

Factors that cause a change in the cost of an activity; they are the structural determinants of the cost of an operation, influencing the expenses of certain business activities.

Vocational School

An educational institution designed to provide vocational education, or technical skills required to perform the tasks of a particular and specific job.

Revenue Variances

Differences between actual revenue and budgeted or forecasted revenue figures.

Budgets

Financial plans that estimate future income, expenditures, and resources over a specific period.