Question

a. A manufacturing firm incurred the following insured losses, in the order given, during the current policy year.
Loss Amount of Loss
A ............. $ 2500
B ............. 3500
C ............. 10,000
How much would the company’s insurer pay for each loss if the policy contained the following type of deductible?
1. $1000 straight deductible
2. $15,000 annual aggregate deductible
b. Explain the coordination-of-benefits provision that is typically found in group medical expense plans.



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  • CreatedJanuary 30, 2015
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