Question

A Discovery Form Commercial Crime policy can apply to losses discovered during the policy period, as well as up to how many days after its expiration date?

Answer 1

The Discovery Form Commercial Crime policy covers criminal activity losses discovered up to 60 days after the policy expires, although this period can vary between policies.

Step-by-step explanation:

The Discovery Form Commercial Crime policy is designed to provide coverage for losses due to criminal activities such as theft, fraud, or embezzlement that are discovered during the policy period. In addition to losses discovered within the policy period, the policy can also apply to losses discovered within a certain number of days after its expiration. Although the specific time frame can vary from policy to policy, it is commonly up to 60 days after the policy's expiration date. This discovery period allows for coverage of losses that may have occurred during the policy period but were not discovered until after the policy expired.