Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Delta Insurance Company has a surplus-share treaty with Eversafe Reinsurance, Delta has a retention limit of $200,000, and nine lines of insurance are ceded to

image text in transcribed
image text in transcribed
image text in transcribed
Delta Insurance Company has a surplus-share treaty with Eversafe Reinsurance, Delta has a retention limit of $200,000, and nine lines of insurance are ceded to Eversate. How much will Eversafe pay if a $1.600.000 building insured by Delta suffers an $800,000 loss? (Please show your calculations and mark your answer clearly For the toolbar, press ALT+F10 (PC or ALTEN+F10 (Mac) Kevin has three liability policies which provide for contribution by equal shares of other insurance applies to a loss How much will each polley pay for 2 53.000.000 lability judement i polley provides $500.000 of coverage, policy e provides $1.000.000 at coverage and policy provides $1.000.000 of Please show your calculations and mark the answer clearly Enthuhe ALTCOIT XYZ Company insured its building on a replacement cost basis for 5450,000 under a property insurance policy that included an 80 percent coinsurance cause. The building had a replacement cost of $500.000 when it sustained a 550.000 loss. How much will XYZ Company receive from its insorer, assuming no deductible applies (Please show your calculations and mark the Teal answer clearly For the toolbar.press ALT F10 (POor ALT FN+F10(Mac)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance QuickStart Guide

Authors: Morgen Rochard

1st Edition

1945051019, 978-1945051012

More Books

Students also viewed these Finance questions

Question

Question 1 (a2) What is the reaction force Dx in [N]?

Answered: 1 week ago