Florida Insurance Claims Adjuster License Practice Exam

On the way to the bank to make a deposit, an employee loses the bank bag. How is this money covered?

1. A. Money and Securities

2. B. Robbery

3. C. Burglary

4. D. Employee Theft

The correct answer is: A. Money and Securities

Possible answer When an employee loses a bank bag while on the way to make a deposit, this is considered a loss of "Money and Securities". This type of insurance covers the loss of cash, checks, money orders, and other forms of money, as well as securities and other forms of negotiable instruments. Option B, robbery, is incorrect since there was no force or threat of force involved in this situation. Option C, burglary, is also incorrect because there was no unlawful entry into the bank in order to steal the money. Lastly, option D, employee theft, is incorrect as this implies that the employee intentionally stole the money, which is not the case in this scenario.