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A Pony Express Armored Car was transporting bank receipts from six branch banks to the main bank. A ...

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A Pony Express Armored Car was transporting bank receipts from six branch banks to the main bank. A ...

A Pony Express Armored Car was transporting bank receipts from six branch banks to the main bank. A group of robbers staged a daring robbery. They forced the armored car off the road, shot two guards, and took over $120,000 in cash. Which insuring agreement in a financial institution bond would cover the stolen money in this case?
A) Insuring Agreement A—Fidelity
B) Insuring Agreement B—On Premises
C) Insuring Agreement C—In Transit
D) Insuring Agreement D—Forgery or Alteration

Textbook

Principles of Risk Management and Insurance

Edition: 12^th

Authors: Rejda, McNamara

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