Que. 1 : Q1) Fidelity Guarantee Policy does not cover 1. a) Pecuniary loss suffered by the employees 2. b) Consequential loss of the insured 3. c) Act of employees committed during the course of employment 4. d) Loss to the money & goods of the insured Que. 2 : Q2) What does the term facultative reinsurance mean? 1. a) A single…