10:03 1 (310 BF) Question 1 Not yet answered Marked out of 200 Kevin has three liability policies which provide for contribution by equal shares if other insurance applies to a loss. How much will each policy pay for a $3,000,000 liability judgment if policy A provides $500,000 of coverage, policy 8 provides $1,000,000 of coverage, and policy C provides $3,000,000 of coverage? a. Each policy will pay $500,000, and Kevin must pay the remaining $1,500,000 b. Policy A will pay $500,000, policy B will pay $1,000,000, and policy C will pay $1,500,000 c. Policy A will pay nothing, policy B will pay $1,000,000, and policy C will pay $2,000,000 d. Policy A will pay $500,000, policies and will each pay $1,000,000, and Kevin must pay the remaining $500,000 Question 2 Not yet answered Marked out of 200 $ Which of the following statements about 'open- perils coverage is (are true? 0