3. Chithurst Co gained a share exchange listing five years ago. At the time of the listing. members of the family who founded the company owned 75 percent of the shares, but now they only hold just over 50 percent. The companies also has purchased an insurance plan to minimize the financial distress in the following: The companies have historical losses incurred as follows: Determine the expected amount paid by insurer to the companies for each policy. (30 marks)3. Chithurst Co gained a share exchange listing five years ago. At the time of the listing, members of the family who founded the company owned 75 percent of the shares, but now they only hold just over 50 percent. The companies also has purchased an insurance plan to minimize the financial distress in the following:The companies have historical losses incurred as follows:Determine the expected amount paid by insurer to the companies for each policy.(30 marks)