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1. Ahmed insures himself with AXA insurance company. His contract includes a straight deductible of 5000BD. During the year he suffers multiple losses: first loss

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1. Ahmed insures himself with AXA insurance company. His contract includes a straight deductible of 5000BD. During the year he suffers multiple losses: first loss 2000 and second loss 12000. Based on this how much will each party pay? Insured Payment: Insurer Payment

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