Application of control measures, notice of claim and prosecution of the employee are examined before entertaining a claim under commercial fidelity guarantees.
Blanket commercial fidelity guarantees is likely to have the largest number of people insured under a single policy.
Jewellery salespersons and estate agents represent a hazardous risk.
Amount payable by the insurer in respect of the defaulting employees shall not exceed the amount of indemnity stated in the schedule of the policy in respect of such employee.
"Money" as used in this policy is deemed to mean bank notes (signed and unsigned), bullion, coins, currency, jewellery, precious stones, ornaments pledged with the insured, postage and revenue stamps (uncancelled) and stamp papers.
MODELEXAM® 
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