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Property & Casualty Exam Prep 54, Crime Insurance Basics
Published 4 weeks, 2 days ago
Description
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.
In this episode you will learn:
- The critical difference between burglary (forced entry into a premises) and robbery (theft from a person by force or threat).
- Why 'theft' is the broadest term for any act of stealing and is an important distinction for exam questions.
- How Employee Dishonesty coverage, also known as a fidelity bond, specifically protects an employer from fraudulent acts by its own employees.
- The distinction between Computer Fraud (using a computer to steal) and Funds Transfer Fraud (tricking a financial institution into wiring money).
- How Forgery or Alteration coverage applies to the fraudulent signing or changing of financial instruments like checks and drafts.
For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep