Which of the following statements is true with regard to the kidnap/ra

Which of the following statements is true with regard to the kidnap/ransom extortion coverage available through ISO’s Commercial Crime Coverage program?

A) Ransom is covered only if the hostage is returned alive.
B) Money surrendered as a result of an extortion threat is covered.
C) The kidnap/ransom coverage is limited to the direct loss associated with the kidnapping–the ransom payment.
D) This coverage can only be written on a monoline basis and cannot be combined with other crime coverages.

 

 

ANSWER

Answer: B

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