Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
50 Cards in this Set
- Front
- Back
|
What are three reasons personal property to be attractive to thieves |
Easily convertible to money, value, portability |
|
|
What are the major sources of chromos |
Forced entry into building, forced entry into protected enclosures, unforced entry into building or protected enclosure , force opening of building and protected in closures, vandalism or Malicious acts, espionage, shoplifting, employee theft |
|
|
What are three ways to get into protected enclosures |
Mechanical as in a drill, thermal like a torch, explosion |
|
|
What is physical protectionWhat is electronica protection |
Concerned with setting up the physical barriers to restrict an authorized access to property |
|
|
What is Electronic protection |
Concerned with setting up electronica barriers to restrict unauthorized access the property |
|
|
Examples of physical protection |
Locks, bars and screening on windows |
|
|
Examples of Electronic protection |
Magnetic contact switches, glass breakage alarms |
|
|
What are the two types of perimeter protection |
Partial protection and complete protection |
|
|
What is partial protection |
When only the openings into the building are protected |
|
|
What is complete protection |
It’s a text intrusion regardless of where the attempts is made around the perimeter of the premises for example if they come in through the Ceiling |
|
|
What weaknesses does the partial protection system have |
For century through walls or ceiling will not be detected, stay behind fuse will not be detected until they leave |
|
|
What is area protection |
Area or space protection devices are used to go to the interior of building |
|
|
Examples of electronics area protection |
Interior trapping devices such as magnetic contact switches on doors pressure sensitive mats. Motion and heat detectors. Hold up alarms. Cameras And CCTV |
|
|
Advantages of CCTV |
Hold up and fraud deterrence, is this police in the identification and conviction of criminals, reduce shoplifting |
|
|
What is point protection |
Provides direct security for individual items such as thieves and volts |
|
|
Types of alarm control |
Locally supervise alarms, central station supervising alarms. |
|
|
What is line security |
The ability of a telephone line to withstand tampering |
|
|
How does a central service station work |
Monitors all opening and closing times of the premises, automatically activate the alarm at closing time, screens after hours users and provides a report for the subscriber, provide immediate notice to police one of the alarm is received, dispatch is a company representative of theirs to the subscribers premises immediately after police is notified |
|
|
What is the difference between a central station and then monitoring station |
The level of service is almost identical except that the monitoring station will not send a company representative to the premises when the alarm goes off the owner or representative of the Business must meet Police with the key |
|
|
What is a local alarm |
The system is controlled by the owner. Alarm rings on the premises only not at A station. It can easily be tampered with |
|
|
What does ULC approved mean |
That the minimum standards established by the ULC For that device has been meds |
|
|
What are four key areas address by crime riders |
Property covered, pearls insured, location of property covered, persons causing the loss |
|
|
what is the definition of money |
Currency and Coins in current use and having a face value |
|
|
Definition of securities |
All negotiable and non-negotiable instruments or contracts representing money or other property and includes revenue another stamps in current use tokens and tickets but does not include money |
|
|
Definition of burglary |
The unlawful taking of property by a person unlawfully entering or leaving the premises as evidence by Marks of forcible entry or exit |
|
|
What is robbery |
The wrongful take enough property from the Possession of another against their will accomplished by means of force or fear |
|
|
Theft definition |
All means of taking property without the owners concerns |
|
|
What pearls does the stock and equipment burglary insure |
Actual or attempted burglary, robbery of a watchmen, vandalism or malicious acts committed on the same Occasion |
|
|
When is coverage provided under the stock and equipments burglary |
When the premises are closed except that stock or equipments within showcases or so windows not opening directly into the Interior of the premises Is covered at all times |
|
|
What is safe burglary |
The unlawful taking of insured property from a Vault or safe |
|
|
Coverage is provided on property contains in locked thieves or vaults located on the premises. I’ll Steve’s involves must be clips with combination locks. They cannot be accessed by a key. Cash kept overnight in a cash register or lots filing cabinets does not meet the necessary requirements for safe burglary |
Coverage is provided on property contains in locked thieves or vaults located on the premises. All safes and vaults must be equipped with combination locks. They cannot be accessed by a key. Cash kept overnight in a cash register or lots filing cabinets does not meet the necessary requirements for safe burglary. Visible signs of forced entry is required |
|
|
How does inside outside robbery define robbery |
The wrongful taking of property from a custodian by the actual or threaten violence. The taking of property by a person who committed an overt wrongful act which was witnessed by the custodian. Or the wrongful taking of property from a custodian who has been killed or rendered unconscious |
|
|
Definition of custodian |
You your partner or any employee authorized by you to take the care and custody of insured property excluding any person While acting as a guard a janitor a porter or a watchman |
|
|
What does outside robbery insure |
Actual or attempted robbery of a custodian away from the premises while engaged in their regular duties. Theft from the home of a custodian not exceeding $500 or the limits of insurance which ever is less. Theft from a Night deposit safe provided by a bank or trust company for the use of its customers |
|
|
And conditions common to crime insurance policies |
Canadian currency clause – all losses under the policy will be paid in Canadian funds. Cancellation - the insured is entitled to 30 days notice with the insurer Alexa cancel the policy or 15 days notice when the cancellation is for non-payment. Changes - it is important to note that there is no binding authority. Discovery. For loss – the insured has up to one year after the expiry of the policy to make a claim. Duties in the event of a loss Dash the insured is required to notify the insurer as soon as possible within 120 days of its discovery with a swarm proof of loss. If the Lawsonville securities the insured mistake all reasonable means to prevent their negotiation for sale or conversion for example they must cancel the cheque. One loss is due to the violation of any law immediate notice is required to the police the Insureds must submit to an examination under oath if required by the insurer and provide the insurer with a sign statements of the answers. The insureds Must have records that can substantiate the amount of loss no records equals no coverage |
|
|
Policy features of a comprehensive dishonesty, disappearance and distraction policy |
Insurance can select any or all of the coverage is provided by this policy. Crime exposures which are not insured by the policy can often be added by endorsements. Policy is issued on a continuous until cancelled basis. |
|
|
What is the meaning of employee dishonesty |
Losses the insured shell sustain resulting directly from one or more fraudulent or dishonest acts committed by an employee, acting alone or in collusion with others |
|
|
Who is an employee |
Those that while in the regular service of the insured and ordinary course of the insurance business. Or natural persons. Directors or trustees of the business, if it’s a corporation, who are also actively involved in the business as an officer or an employee. Persons hired by an intervening employment agency. Person to become employees through consolidation or merger |
|
|
Who is not considered an employee |
Any broker, factor, commission merchants, consigned, contractor or other agents or a representative of the same general character i.e. I collect money for SGI but I do not work for SGI because I’m a contractor |
|
|
What are the major differences between form A and form B employee dishonesty coverage |
Employees that are covered under form B coverage does not have to be purchased for all employees and increase amounts of insurance can be purchased for those employees who offer the greatest potential for loss. Limits of insurance will differ under form E there is a maximum amount payable regardless of the number of employees involved under form B the limit Purchased is available for each employee. Discovery period. Under form A it is one year from date of expiry under form B it is two years from date of expiry |
|
|
What is a discovery period |
The time permitted by the insurer in which a clean must be discovered if it is to be covered by the policy |
|
|
What are three. Methods of risk management pre-employment |
Written application, personal interview, verification of all references. |
|
|
What are three types of risk management for post employee phases |
All cheques should have two signatures, job positions should be rotated, surprise audits should be conducted |
|
|
What does lost inside the premises coverage cover |
The actual distraction, disappearance or wrongful obstruction of money and securities. The term all risk on cash can be used to describe this coverage |
|
|
What is an exclusion to lost inside the premises coverage |
Money contains in coin operated amusement devices or vending machines must be recorded by continuous recording instruments or there is no coverage |
|
|
What is an exclusion to lost inside the premises coverage |
Money contains in coin operated amusement devices or vending machines must be recorded by continuous recording instruments or there is no coverage |
|
|
What does loss outside of premises coverage cover |
Money and securities while outside the insurance premises isn’t sure it against the same broad pearls as our provided to them while inside the insurance premises |
|
|
What is a messenger |
Defined by the policy as the insured or a partner of the insured or any employee who is duly authorized by the insured to have Care and custody of the insured property outside the premises |
|
|
What does money orders in counterfeit paper currency cover |
Lost to the insured due to the acceptance of post office or express money orders not honoured upon presentation or loss due to the acceptance of counterfeit Canadian or United States paper currency |
|
|
What does depositors forgery coverage cover |
For the forgery or alteration of insurance cheques , drafts and similar instruments only. Not the receipt of Forged negotiable instruments received in the course of a transaction |
