When commercial crime insurance is written on a loss-sustained basis, the policy contains a provision called loss

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When commercial crime insurance is written on a loss-sustained basis, the policy contains a provision called loss sustained during prior insurance not issued by us or any affiliate. Explain the meaning of this provision.

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Principles of Risk Management and Insurance

ISBN: 978-0132992916

12th edition

Authors: George E. Rejda, Michael McNamara

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Question Posted: Jan 30, 2015 07:48 AM

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When commercial crime insurance is written on a loss-sustained basis, the policy contains a provision called loss

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Under this provision the current policy provides cove...View the full answer

Principles of Risk Management and Insurance

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