Question: Kevin has three liability policies which provide for contribution by equal shares in case other insurance applies to a loss. How much will each policy

 Kevin has three liability policies which provide for contribution by equal

Kevin has three liability policies which provide for contribution by equal shares in case other insurance applies to a loss. How much will each policy pay for a $3,500,000 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? Policy A will pay nothing, policy B will pay $1,000,000, and policy C will pay $2,500,000. Policy A will pay $500,000, policy B will pay $1,000,000, and policy C will pay $1,500,000 Policy A will pay $500,000, policies B and C will each pay $1,000,000. Policy A will pay $500,000, policy B will pay $1,000,000, and policy C will pay $2,000,000

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