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:

Purchasing

The act of buying goods or services, often for a business or organization, including negotiation with suppliers, price evaluation, and contract agreements.

Services

Services refer to the intangible products or activities provided by one party to another, often characterized by an exchange for payment.

Consumer Behavior

The study of how individual customers, groups, or organizations select, buy, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and wants.

Products

Goods or services offered by a business to satisfy consumer needs, wants, or demands.