Assume an insured has the following structure for its liability insurance program: self insured retention = $1M,
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Question:
The primary coverage is provided by insurer A and insurer B. Insurer A writes $3M coverage and insurer B writes $1M. Insurer C writes the entire excess layer. assume a covered loss of $2M occurs.
How much does insurer A pay for the loss?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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