Page 120 - Misc Ebook IC 78
P. 120
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(xv) Constant monitoring and Closed-circuit camera also
help serve the purpose.
Ans.B) Unlike other policies, fidelity guarantee policies stipulate
the time limit for discovery of losses. This is so because
the loss can occur over a long period without discovery.
Investigation of such losses would be troublesome and
recovery becomes legally and practically difficult, if not
impossible.
The customary time limit provided is the act should not
be discovered later than 12 months after the resignation,
dismissal, retirement or death of the employee, or nit
later than 12 months after the termination of the policy,
whichever be the earlier.
Q8. Explain the following with reference to the
Bankers Blanket indemnity insurance:
(i) Additional sum insured -.
(ii) Basic sum insured - this is the original sum insured
or the limit of liability selected by the proposer to
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