Question: Determine the loss-sharing method and compute the shared amount of loss for each of the following cases; Group A; If Jane is fully insured and

Determine the loss-sharing method and compute the shared amount of loss for each of the following cases; Group A; If Jane is fully insured and $100,000 property loss occurred, assume that National insurance company (NIC) and Swiss Re Ltd. entered into an arrangement by which premiums and losses are shared 40-60 respectively.

Q :

1.Loss sharing method

2.Amount paid to the insured

3.Retention limit

4.Retained amount from reinsurer "cession"

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