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Jackson Insurance Company insures Build-A-Car for fire insurance. Jackson reinsures 40% of this exposure with GetPaid Reinsurance company on a pro-rata basis. If a $18,416
Jackson Insurance Company insures Build-A-Car for fire insurance. Jackson reinsures 40% of this exposure with GetPaid Reinsurance company on a pro-rata basis. If a $18,416 insured loss occurs at Build-A-Car, how much money will Build-A-Car receive?
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