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5 pts Question 5 5. Company A has the following two layers of liability insurance policies: CGL policy: each occurrence limit $1,000,000: general aggregate limit

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5 pts Question 5 5. Company A has the following two layers of liability insurance policies: CGL policy: each occurrence limit $1,000,000: general aggregate limit $2,000,000. Umbrella policy: each occurrence limit $5,000,000; aggregate limit $80,000,000. Suppose during the policy period three separate liability losses occurred: $600,000, $1,100,000 and $1.200.000 (in the order). The umbrella policy will cover $_. 800,000

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