Assume an excess of loss reinsurance agreement with attachment point of 1,000,000 and policy limit of 5,000,000 is in place. For a primary policy with deductible of 50,000 and policy limit of 6,000,000, how much will the ceding insurer pay and the reinsurer pay?

a) for a loss of 1,000,000

b) for a loss of 4,000,000