Camille has purchased an insurance policy from Primary Inc. with a deductible of $100,000 and limit of $2,000,000. Primary Inc. has a proportional reinsurance treaty with a 50/50 cessation. If Camille experiences covered losses of $1,200,000. What is her financial responsibility for the losses?

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In this scenario Camille has purchased an insurance policy from Primary Inc with a deductible of 100... View the full answer