Insurance Company XYZ has a stop loss treaty with Swiss Re which agrees on "40% xs 80% loss ratio". During the policy year, the net earned premium of XYZ is $40 million, and its total amount of loss is $42 million. How much loss will be paid by Swiss Re?\ \ \ Insurance Company XYZ has a stop loss treaty with Swiss Re which agrees on "40% xs 80% loss ratio". During the policy year, the net earned premium of XYZ is $40 million, and its total amount of loss is $42 million. How much loss will be paid by Swiss Re?\ \ \ a. $2 million\ \ b. $10 million\ \ c. $12.4 million\ \ d. $16 million\ \ e. None of the above