A $70,000 medical malpractice claim was covered under three liability insurance contracts. Policy A contained a $400,000
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Question:
- A $70,000 medical malpractice claim was covered under three liability insurance contracts. Policy A contained a $400,000 limit of liability, Policy B contained a $110,000 limit of liability while Policy C contained a $20,000 limit of liability. The contracts provided for contribution by equal shares. How much will the hospital collect from each insurer? (1 mark)
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