QUESTION 1 An insured obtained three policies from three different insurers on the same property against the same risk with the insurance amounts indicated in the table below. Insurance Company Amount of Insurance (GHC) PRIME Insurance 165,000 AGORWU Insurance 235,000 AUTHENTIC Insurance 350,000 From the above table, calculate by showing working the amount to be paid to the insured by the insurers in the following situations in a group insurance plan: a. Proration based on face amount for GHC 450,000 loss (4 marks) b. Proration by amounts otherwise payable for GHC 200,000 loss (4 marks) c. Contributions by equal share for GHC 480,000 loss (4 marks) 1