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3. Company C has the following two layers of liability insurance policies: - CGL policy: each occurrence limit $800,000; general aggregate limit $1,800,000. - Excess

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3. Company C has the following two layers of liability insurance policies: - CGL policy: each occurrence limit $800,000; general aggregate limit $1,800,000. - Excess policy: each occurrence limit \$5,000,000; aggregate limit $10,000,000. Suppose during the policy period three separate liability losses occurred: $1,100,000,$900,000 and $1,200,000 (in the order). The excess policy will cover $

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