All of the following terms describe a loss covered by a commercial crime policy, except:
a. covers a loss that was discovered within one year of the termination of the policy period
b. covers a loss that was discovered during the policy period
c. might require the use of a retroactive date
d. covers a loss that did not necessarily occur during the policy period

The following terms describe a loss covered by a commercial crime policy except:

a. Covers a loss that was discovered within one year of the termination of the policy period.

Explanation:

All of the given statements except "covers a loss that was discovered within one year of the termination of the policy period." belongs to the Discovery crime coverage form.A discovery crime coverage can provide a loss that was discovered during the policy year and also that was not necessarily occurred during the policy period.A discovery crime coverage form might require the use of a retroactive date.

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