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2. Munich insurance company entered into two surplus treaty contracts with the reinsurers. The first surplus treaty consisted 10 lines with a maximum liability of
2. Munich insurance company entered into two surplus treaty contracts with the reinsurers. The first surplus treaty consisted 10 lines with a maximum liability of Rs. 30,00,000. The second surplus treaty consists of 20 lines with a maximum liability of Rs. 50,00,000. 1 2 3 4 5 Risk Gross Sum Assured (Rs) 2,00,000 3,00,000 12,00,000 30,00,000 65,00,000 Retention Applicable (Rs) 2,00,000 1,00,000 2,00,000 4,00,000 2,00,000 Calculate the cessions to first surplus treaty and second surplus treaty
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