Question

 ___________ type of bond guarantees a form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts.

A Fidelity Bond Correct Answer Incorrect Answer
B Financial Institution Bond Correct Answer Incorrect Answer
C Commercial Crime Policy Correct Answer Incorrect Answer
D Employee Dishonesty Bond Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

A fidelity bond or fidelity guarantee is a form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals or parties. It usually insures a business for losses caused by the dishonest acts of its employees.

Practice Next
×
×