Question
HIJ Insurance Company, the primary insurer, has a surplus line reinsurance agreement with KLM Insurance Company, the reinsurer. The line under the policy/agreement is $25,000,
HIJ Insurance Company, the primary insurer, has a surplus line reinsurance agreement with KLM Insurance Company, the reinsurer. The line under the policy/agreement is $25,000, and the amount ceded is $100,000. What percentage of the policy premium would KLM receive and what percentage of the losses under the policy would KLM be responsible for paying?
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
