Which of the Following Statements Is True Regarding Covered Losses

question 4

Multiple Choice

Which of the following statements is true regarding covered losses under the commercial crime coverage form?

• A)Theft committed by business partners of the named insured is covered.
• B)Money surrendered as a result of an extortion threat is covered.
• C)A loss that results from disclosure of confidential business information,such as a patent or trade secret,is covered.
• D)Liability associated with data security breaches is excluded.

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Definitions:

Qualified Day Care

A childcare service that meets governmental regulations and standards, expenses for which may be eligible for tax deductions or credits.

Care Credit

A type of credit card that is specifically designed to help consumers pay for health care services with special financing options.

Qualified Day Care

A care facility or program that meets specific state and/or federal regulations, making expenses potentially eligible for tax credits.

Child and Dependent

A minor or other individual, such as an elderly parent, who relies on another person for over half of their financial support and can qualify for certain tax benefits.