Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A first surplus treaty contract consists of 10 lines and a second surplus treaty consists of 5 lines. Each line is R1 000 000. The

A first surplus treaty contract consists of 10 lines and a second surplus treaty consists of 5 lines. Each line is R1 000 000. The spread for both reinsurance contracts is as follows: Reinsurer A: 20%, Reinsurer B: 10%, Reinsurer C: 30% Reinsurer D: 40%. The reinsured suffers two events, the first for R7 500 000 and the second for R15 500 000.

Construct a table and calculate the amounts payable by each reinsurer.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Andersons Business Law and the Legal Environment

Authors: David P. Twomey, Marianne M. Jennings, Stephanie M Greene

23rd edition

1305575083, 978-1305856516, 1305856511, 978-0357689868, 978-1305575080

More Books

Students also viewed these Law questions

Question

Define Management or What is Management?

Answered: 1 week ago

Question

What do you understand by MBO?

Answered: 1 week ago

Question

What is meant by planning or define planning?

Answered: 1 week ago

Question

Define span of management or define span of control ?

Answered: 1 week ago

Question

1. To generate a discussion on the concept of roles

Answered: 1 week ago

Question

6. What information processes operate in communication situations?

Answered: 1 week ago

Question

3. How can we use information and communication to generate trust?

Answered: 1 week ago