Please write your name; EKU id here 3. {50 points] A manufacturing rm incurred the following insured losses, in the order given, during the current policy year? Loss Amount of Loss A S zsee E 35th] C l HD'W much would the company's insurer pay for each loss if the policy contained the following type of deductible? 1. sleet] straight deductible (25 points) Rubric: It] points given for the answer; 15 points given for the procedure of calculation. 2. $15, annual aggregate deductible (25 points) Rubric: It] points given for the answer; 15 points given for the procedure of calculation. 4. {50 points] Explain the coordinationofbenets provision that is typically found in group medical expense plans. Rubric: It] points given for the general description of the purpose of coordinationofbenets provision; 213 points given for the application of dependent spouse; 213 points given for the application of dependent child. tun 31:} Homework Assignment 4 100 points Choose one question from each topic: Topic 7: choose one from question number 1 OR 2 Topic: 8: choose one from question number 3 OR 4 l. (50 points} Nicholas owns a laptop computer that was stolen. The laptop cost $1000 when it was purchased ve years ago. A similar laptop computer today can be purchased for $500. Assuming that the laptop was 50 percent depreciated at the time the theft occurred, what is the actual cash value of the loss? Rubric: 25 points given for the answer; 25 points given for the procedure of your calculation. 2. (50 points} A drunk driver ran a red light and smashed into Kristen=s car. The cost to repair the car is 88000. She has collision insurance on her car with a $500 deductible. a. Can Kristen collect om both the negligent drivefs insurer and her own insurer?l Explain your answer. (25 points) Rubric: 10 points given for the answer; 15 points given for the explanation. b. Explain how subrogation supports the principle of indemnity. (25 points) Rubric: 10 points given for the answer; 15 points given for the explanation