The new claims adjuster couiant pelleve ne nad issued the check to the principarratner than the opgee! Sometimes the answer is staring you rignt in the race. He thanks his peers and passes the floor to the broker sitting to his left. The broker says he hopes his dilemma doesn't stump the group. He explains that he's relatively new to crime insurance and fidelity institution bonds and needs assistance creating the right coverage for a sophisticated client with complex needs. He shares that in order to determine the correct coverage for his business, the client has asked the broker to share how a Transitions Insurance Company crime insurance policy would cover some hypothetical claim situations. The broker asks the group to help him form the answers, assuming the policy in question is an ISO commercial crime coverage form (loss sustained form) with the following insuring agreements: Employee Theft Inside the Premises - Theft of Money and Securities Inside the Premises - Robbery or Safe Burglary of Other Property Outside the Premises Here is a hypothetical claim situation: Among other businesses, the client operates high-end shoe stores in upscale shopping malls. The manager of one of these stores suspected that one employee was taking Jimmy Choo ladies shoes from the inventory without paying for them. A physical inventory revealed a shortage of ten pairs of such shoes for a loss of nearly $7,000. The entire $7,000 loss is covered since the inventory records can justify the loss of the shoes. The loss would be covered, based on the inventory records, provided the store manager replaces the lost shoes and can show that the replacement cost was at least $7,000. The loss is not covered. Employee theft is not covered if proof of loss depends on an inventory computation. The loss is not covered because the store manager is not totally confident that the inventory records are accurate. QUESTION 8 The new claims adjuster couldn't believe he had issued the check to the principal rather than the obligee! Sometimes the answer is staring you right in the face. He thanks his peers and passes the floor to the broker sitting to his left. The broker says he hopes his dilemma doesn't stump the group. He explains that he's relatively new to crime insurance and fidelity institution bonds and needs assistance ating the rig! cover for a sophis client with complex needs. He shares that in order to determine the correct coverage for his business, the client has asked the broker to share how a Transitions Insurance Company crime insurance policy would cover some hypothetical claim situations. The broker asks the group to help him form the answers, assuming the policy in question is an ISO commercial crime coverage form (loss sustained form) with the following insuring agreements: Employee Theft Inside the Premises - Theft of money and Securities Inside the Premises - Robbery or Safe Burglary of Other Property Outside the Premises . Here is a hypothetical claim situation: A video surveillance tape revealed that a newly hired employee was stealing money from a cash register at one of the client's retail locations. The loss is covered under the employee theft insuring agreement. The theft of money by an employee is a covered loss. The loss is covered only if the newly hired employee had a clean criminal history at the time of hire. The loss is not covered since the money was in a cash register and not in a safe or vault. There is insufficient information provided to determine coverage