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Manufacture Inc. has a $1 million factory that is insured. The factory sustains a $500,000 loss. The primary insurer has purchased excess-of-loss coverage, and the

Manufacture Inc. has a $1 million factory that is insured. The factory sustains a $500,000 loss. The primary insurer has purchased excess-of-loss coverage, and the reinsurer has agreed to pay for all losses in excess of $250,334. How much will the reinsurer pay?

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