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Assume that ABC Insurance has a surplus share treaty with DEF Re. ABC has a retention limit of $200,000 for a single policy and four

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Assume that ABC Insurance has a surplus share treaty with DEF Re. ABC has a retention limit of $200,000 for a single policy and four lines are ceded to DEF Re. Assume that a $100,000 property insurance policy is issued. How much does DEF Re pay if a $100,000 loss occurs

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