Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1) Ahmad has an auto insurance policy, including an Aggregate Deductible of 10,000 SAR. During the running year, he had three accidents. The cost of
1) Ahmad has an auto insurance policy, including an Aggregate Deductible of 10,000 SAR. During the running year, he had three accidents.
The cost of the losses was:
- First accident: 3000 SR of losses.
Second accident: 4000 SR of losses.
Third accident: 5000 SR of losses.
The insurance company will compensate Ahmed by 1000 Saudi riyals.
How do you find the Insurance Company behavior? Justify your answer.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
