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Fox Corporation has a commercial liability policy with the following terms: $5,000 per occurrence deductible, $15,000 stop-loss provision, and $200,000 policy limit. FOX is held
Fox Corporation has a commercial liability policy with the following terms: $5,000 per occurrence deductible, $15,000 stop-loss provision, and $200,000 policy limit. FOX is held responsible for the following losses during the policy period: Loss 1: $20,000; Loss 2: $15,000; Loss 3: $3,000; Loss 4: $60,000. How much will FOXs insurance company pay for these losses in total?
A: $80,000
B: $83,000
C: $98,000
D: $78,000
E: None of the above
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