Question 4 5 pts When the product manager indicated that some states permit a lawsuit when an injury claim exceeds a verbal threshold, she also confirmed that other states' laws include a monetary threshold. With that question answered, the underwriter proceeded with her second case. She shared that her team was working on a bank's application for coverage against employee dishonesty. After offering the broker a quote for crime insurance, the broker responded, "My client is a bank so this quote is for the wrong type of policy." The underwriter asked the group why the broker would respond in such a manner. How did the crime insurance product manager respond? O The broker is incorrect since crime insurance covers employee theft. Send the quote back and tell him it is the correct policy. O The broker is correct. Crime insurance is the correct policy for many businesses, but banks require a Financial Institutions Bond with fidelity coverage to protect them against employee dishonesty. The broker is incorrect. The commercial general liability policy and the commercial property form both exclude employee theft. The client must purchase crime insurance to gain this coverage. The crime insurance product manager indicated he could not address the question without additional information from the underwriter.