Kevin has three liability policies that provide equal contribution if other insurance applies to a loss. How
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Kevin has three liability policies that provide equal contribution if other insurance applies to a loss. How much will each policy pay for a $3,000,000 liability judgment if Policy A provides $500,000 of coverage, Policy B provides $1,000,000 of coverage, and Policy C provides $3,000,000 of coverage?
Related Book For
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara
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