Page 186 - Misc Ebook IC 78

The Insurance Times

Q8.a) State the questions which are usually asked
in Fidelity Guarantee Claim Form to elicit
information on reported loss.

(b) How an insurance company proceed on
receipt of duly completed claim form.

Ans.a) A Fidelity Guarantee Claim form usually contains
questions relating to :
(i) Name of the defaulting employee, and his last
known address.
(ii) Date on which the loss was discovered
(iii) Period for and manner in which the embezzlement
has been carried on and concealed.
(iv) Previous irregularity, if any, in the defaulting
employee.
(v) The extent of loss.
(vi) If the matter is reported to the police, then the date,
time and place of reporting.
(vii) Security held by the insured, in respect of the
defaulting employee.
(viii)Amount of salary, commission or other remuneration

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