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1) A firm has the following covered losses in the policy period: Loss Amount of Loss A $1000 B $4000 C $12000 For each of

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1) A firm has the following covered losses in the policy period: Loss Amount of Loss A $1000 B $4000 C $12000 For each of the following deductibles, determine the total paid by the insurer in the policy period: a) A pure deductible of $800. b) A aggregate deductible of $10000

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