An insurer enters into a quota share reinsurer treaty. The reinsurer's participation is 30% and the insurer retains 70% If the total premium for a project is $20 Million a. How much does the reinsurer receive (Assume no commissions)? If the insurer suffers losses of $600,000 b. How much of the $600,000 does the reinsurer pay? O Premium = 6 Million, Share of Loss = 420,000 Premium 14 Million, Share of Loss = 420,000 = Premium = 14 Million, Share of Loss = 180,000 O Premium = 6 Million, Share of loss = 180,000