Question
Assume a pro rata reinsurance agreement with a 50% retention. Consider a primary insurance contract with limits of $500,000, premiums of $3,000 and a deductible
Assume a pro rata reinsurance agreement with a 50% retention. Consider a primary insurance contract with limits of $500,000, premiums of $3,000 and a deductible of $10,000 . For a loss of $800,000, how much will the reinsurer pay?
- A. 395,000
- B. 350,000
- C. 250,000
- D. 400,000
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Comparative Public Budgeting
Authors: George M Guess
2nd Edition
1316648109, 978-1316648100
