III IC-78 Practice Questions - III IC-78 Miscellaneous Insurance Exam

Under Fidelity Guarantee Insurance, what does the 'discovery period' signify?

The time taken by the insurer to discover fraudulent acts The period within which the insured must discover the loss after the expiry of the policy or termination of the employee The time given to an employee to admit their fraud The time during which the employer cannot file any claims

Correct Answer:

The period within which the insured must discover the loss after the expiry of the policy or termination of the employee

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