Umbrella Insurance – Match the Definitions ITAC

True or False: Counterfeit money covers both Canadian and US Currency.

True or False: Funds Transfer Fraud means Theft of Money and Securities following and directly related to the use of fraudulent written or verbal instructions which are purported to have been made by the Insured Entity, which causes an electronic transfer of Money or Securities from a Financial Institution.

The definition of money means:

4. Premises means:

5. What is the Specific Limit of Insurance Insuring Agreement D.

With respect to Duties In The Event of Loss what is the time frame to give the Insurer a detailed, sworn proof of

With respect to the Maximum Limit of Liability, the Insurer will pay for all such proof of loss expenses in any one Loss is the lesser of the “Per Loss” Limit of Liability shown as applicable to Proof of Loss Expenses in the Crime Coverage Part Declarations; or what percentage of the applicable Limit of Liability shown in the Crime Coverage Part Declaration

Is there a per loss and aggregate limit on this policy?

True or False: The Insurer will pay for Loss sustained by the Insured Entity of Money, Securities and Other Property as an indirect result of Employee Theft.

True or False: The Insurer will pay for Loss sustained by the Insured Entity as the direct result of the actual destruction, disappearance or Theft of Money and Securities within the Premises or within any Banking Premise.