When it is known that an employee is guilty of theft or other dishonest act, how is coverage affected?

Insurance

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When it is known that an employee is guilty of theft or other dishonest act, how is coverage affected?

Coverage will continue if the employee agrees to make complete restitution.

Coverage continues until the expiration date of the coverage.

Coverage is cancelled immediately.

Coverage will continue if an additional premium is charged for the increased exposure.

Answer: Coverage is cancelled immediately.

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