This is a false pretense question. Our insured is a used car dealer. He took a check from a customer, but later found out that the account had been closed for over a year. Will the following exclusion apply?
(2) False Pretense Coverage does not apply to a "loss" which, for any reason, a bank or any other drawee fails to pay.
Arkansas Subscriber
Continue Reading for Free
Register and gain access to:
- Quality content from industry experts with over 60 years insurance experience, combined
- Customizable alerts of changes in relevant policies and trends
- Search and navigate Q&As to find answers to your specific questions
- Filter by article, discussion, analysis and more to find the exact information you’re looking for
- Continually updated to bring you the latest reports, trending topics, and coverage analysis
Already have an account? Sign In Now