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Assume the Baywood Insurance Company (primary insurer) purchased a $750,000 xs $250,000 excess of loss treaty . Complete the following table indicating the amount that
Assume the Baywood Insurance Company (primary insurer) purchased a $750,000 xs $250,000 excess of loss treaty. Complete the following table indicating the amount that each covered loss would be paid by each of the parties to the treaty.
Loss | Amount of the Loss Paid by the Baywood Insurance (Primary Insurer)
| Amount of the Loss Paid by the Reinsurer |
$200,000 |
|
|
$500,000 |
|
|
$1,000,000 |
|
|
$1,250,000 |
|
|
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