In the ISO Commercial Crime Coverage Form,robbery Is Defined as the

question 6

Multiple Choice

In the ISO Commercial Crime Coverage form,robbery is defined as the

• A)unlawful taking of property to the deprivation of the insured.
• B)unlawful taking of property from the case and custody of a person by someone who has caused or threatens to cause bodily harm or who has committed an unlawful act witnessed by that person.
• C)unlawful taking of money or securities through the alteration of a negotiable instrument.
• D)unlawful taking of property from inside the premises by someone who unlawfully enters or leaves the premises as evidenced by marks of forcible entry or exit.

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Definitions:

Financial Transactions

Activities involving the exchange of money or assets between parties, which can include investments, loans, purchases, and sales.

Real Assets

Assets that have intrinsic value due to their substance and physical properties, such as real estate, commodities, or natural resources.

Current Account

A component of a country's balance of payments that measures the trade of goods and services, net earnings on investments, and transfer payments.

Goods Exports

The act of sending domestically produced goods to another country for sale or trade.