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Which of the following is considered a nonadmitted asset for an insurer?
A) cash
B) preferred stocks
C) real estate
D) office furniture
Which of the following statements about the commercial crime insurance policy is true?
A) Loss from the unauthorized disclosure of confidential information is covered.
B) Theft committed by the named insured or his/her partners is covered.
C) Inventory shortages are only covered if proof of loss depends on an inventory
computation or on a profit and loss computation.
D) Indirect losses, such as loss of profits after a business is closed because of a
burglary, are excluded.
