IRDAI Surveyor Miscellaneous (S-07) Practice Questions - IRDAI Surveyor & Loss Assessor Exam - Miscellaneous (III S-07 IC-78) Exam

Under a standard Money-in-Transit insurance policy, what is the defined scope of the transit period?

From the time money is withdrawn from the bank until it is deposited in the office safe From the time money leaves the premises of dispatch until it is delivered at the destination During normal business hours of the bank and the insured's offices only From the time the transit vehicle is loaded until it returns to the office garage

Correct Answer:

From the time money leaves the premises of dispatch until it is delivered at the destination

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