Takaful Certificate A for fire takaful has a sum covered of RM200,000 while Certificate B has a
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Question:
Takaful Certificate A for fire takaful has a sum covered of RM200,000 while Certificate B has a sum covered of RM300,000.
(i) State the formula for the application of the principle of contribution.
(ii) Apportion a loss of RM100,000 between Certificates A and B above.
Related Book For
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
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