n NISM Certifications
X NISM Series X
Medium

Which type of insurance covers losses resulting from acts of forgery, fraud, or dishonesty committed by an employee?

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Fidelity Insurance

    Correct answer

  2. B

    Liability Insurance

  3. C

    Keyman Insurance

  4. D

    All of the above

Why this is the answer

Fidelity Insurance specifically protects employers against losses caused by employees' fraudulent or dishonest acts, including theft and forgery.

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