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Assume that a $1 million factory is insured and sustains a $400,000 loss. If pro rata coverage exists in which the primary insurer retains 30

Assume that a $1 million factory is insured and sustains a $400,000 loss. If pro rata coverage exists in which the primary insurer retains 30 percent of the coverage and the reinsurer provides 70 percent, how much does the primary insurer pay? How much will the reinsurer pay?

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