Question
Al tawuniya insurance company had two surplus-share contracts with sum insureds equal to 1,400,000 SR and 2,000,000 SR and 1,400,000 SR. The maximum gross retention
Al tawuniya insurance company had two surplus-share contracts with sum insureds equal to 1,400,000 SR and 2,000,000 SR and 1,400,000 SR. The maximum gross retention of this treaty is 300,000 SR, while the maximum surplus treaties are (Munich Re 800,000 SR, Swiss Re 400,000 SR, and Hannover Re 500,000 SR) respectively.
Find the percentage of sharing for each company in sum insureds.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
11th Canadian edition Volume 1
1119048532, 978-1119048534
