The Mary Queen, an ocean-going oil tanker, negligently collided with a large freighter. The Mary Queenis insured

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The Mary Queen, an ocean-going oil tanker, negligently collided with a large freighter. The Mary Queenis insured by an ocean marine hull insurance policy with a running down clause. For each of the following losses, explain whether the ocean marine coverage would apply to the loss.
a. Damage to the Mary Queen
b. Damage to the freighter
c. Death or injury to the crew members on the freighter

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Principles of Risk Management and Insurance

ISBN: 978-0132992916

12th edition

Authors: George E. Rejda, Michael McNamara

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