Which of the following statements is (are) true with regard to the ISO commercial crime coverage forms?
I. The discovery version only covers losses which occur during the policy period.
II. The loss-sustained version covers losses which occur during the policy period and the loss is discovered during the policy period or within one year after the policy expires.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: B
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An equity security ________
A) represents a credit relationship with another company or governmental entity B) is a standardized contract between two parties to acquire various forms of investments C) represents stock ownership in another company and sometimes pays dividends D) is a financial instrument that entitles the holder to receive periodic interest
In a free trade area, all barriers to the trade of goods and services among member countries are removed and a common external trade policy is adopted
Indicate whether the statement is true or false.