1. Consider an excess of loss policy in which the priority (the limit to which the cedant bears the loss) is $20m and the capacity (the coverage limit provided by the reinsurer) is $100m. Answer the following questions: a. If the loss is $50 m, how much will the cedant and reinsurer pay? b. If the loss is $15 m, how much will the cedant and reinsurer pay? c. If the loss is $130 m, how much will the cedant and reinsurer pay