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Malath Insurance Company agreed with Saudi Re Reinsurance Company to buy a reinsurance program. This program includes ceding 70% of the sum insured in the

Malath Insurance Company agreed with Saudi Re Reinsurance Company to buy a reinsurance program. This program includes ceding 70% of the sum insured in the quota share treaty and the retention limit in the Surplus treaty is 2,000,000
SR. Assume that Malath agreed to cover a risk with a sum insured equal to 8,000,000 SR and 400,000 SR as a premium. During the contract period, the property was damaged, and the loss was evaluated at 6,000,000 SR
Find the share amounts of the sum insured, premium, and loss for each treaty.
use " Quota share-Surplus method"

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