Three insurance companies, A, B, and C, agree to jointly insure a cargo ship for $36,800,000....
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Three insurance companies, A, B, and C, agree to jointly insure a cargo ship for $36,800,000. They allocate the premiums received in the ratio 8:5: 10 respectively. How will the annual premium of $598,000 be distributed to the three insurers? Three insurance companies, A, B, and C, agree to jointly insure a cargo ship for $36,800,000. They allocate the premiums received in the ratio 8:5: 10 respectively. How will the annual premium of $598,000 be distributed to the three insurers?
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First find the total premium allocated to the three insurers Total premium 598000 T... View the full answer
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