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17 August, 13:43

The head teller of a bank embezzled $50,000 from the bank. Which insuring agreement in a financial institution bond is designed to cover such losses?

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  1. 17 August, 14:11
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    Fidelity Bond

    Explanation:

    Based on the information provided within the question it can be said that the type of insurance that covers this is a Insuring Agreement called a Fidelity Bond. This is a type of insurance that covers the buyer of the policy from any losses that they may incur from a specific individual that works for them embezzling money or doing any other fraudulent behavior. Similar to what the head teller did to the bank in this scenario.
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