True or False: Crime/computer fraud coverage applies when a perpetrator uses false electronic instructions to remove funds from the insured's bank account.

Study for the New York General Adjuster 10-70 Test. Prepare with flashcards and multiple choice questions, each with explanations. Ace your exam!

The assertion that crime/computer fraud coverage applies when a perpetrator uses false electronic instructions to remove funds from the insured's bank account is true. This type of coverage is specifically designed to protect businesses against loss of money or securities due to fraudulent acts committed through electronic means.

In the context of computer fraud, this typically includes situations where a fraudster manipulates electronic systems or databases to divert funds or gain unauthorized access to accounts. Since the scenario involves the use of false electronic instructions, it clearly falls within the parameters of activities covered under crime and computer fraud insurance policies.

Other options suggest more restrictive or conditional coverage scenarios. However, the fundamental principle of crime/computer fraud coverage is to offer protection against these kinds of electronic frauds, making the true option accurate.

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