IC38 GENERAL INSURANCE AGENT EXAM - Study Notes

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  • Fidelity guarantee insurance - indemnifies employers against the financial loss suffered by them due to fraud or dishonesty of their employees by forgery, embezzlement, larceny, misappropriation and default
  • Fidelity Guarantee - Blanket policy - covers the entire staff without showing names or positions. No enquiries about the employees are made by the insurers. Such policies are only suitable for an employer with a large staff
  • Coverage under Bankers Indemnity Insurance - Money securities lost or damaged whilst within the premises due to fire, burglary, riot and strike, Loss suffered due to any cause whatsoever including negligence of the employees, when the property is carried
  • Coverage under Bankers Indemnity Insurance -Forgery or alteration of cheques, drafts, fixed deposit receipts etc, Dishonesty of employees with reference to money/securities or in respect of goods pledged.
  • Coverage under Bankers Indemnity Insurance -Dispatches by registered post parcels, Dishonesty of appraisers,Money lost while in the hands of agents of the bank likeJanata Agents,Chhoti Bachat Yojana Agents

IC38 General Insurance

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