A primary insurer has a multi$-$layer property CAT XOL treaty. The primary insurer retains the first $$5$ million of loss. The $1$ st CAT layer covers $90\%$

of losses up to $$15$ million $x$ s $$5$ million. The $2$nd CAT layer covers $90\%$ of losses up to $$30$ million $xs$$$20$ million. The $3$rd CAT layer covers $90\%$ of

losses up to $$50$ million $xs$$$50$ million. How much of the loss will be paid by the reinsurers on the $2$ nd CAT layer in the event of a $$90$ million CAT

loss?

$$13\mathrm{.}500000$

$$27,000,000$

$$30,000,000$

None of the above