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Dave's Body and Paint has an insurable loss of $72,000, while having insurance coverage beyond coinsurance requirements. The insurance is divided among Company A with
- Dave's Body and Paint has an insurable loss of $72,000, while having insurance coverage beyond coinsurance requirements. The insurance is divided among Company A with $250,000 coverage, Company B with $150,000 coverage, and Company C with $100,000 coverage.
Find the amount of the loss paid by each of the insurance companies.
2 Find the annual premium, the semiannual premium, the quarterly premium, and the monthly premium for each of the following life insurance policies. Use the tables in Section 13.5
Irene Chong:
Whole life, $28,000 face value Age 35, Female
Annual? Semiannual?Quarterly? Monthly ?
Gil Eckern:
20-pay life,$80,000 face value,age 40, male
Annual?Semiannual? Quarterly?Monthly?
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