Q3: Suppose the XYZ Company has a $1.5 million per occurrence deductible, $3 million aggregate deductible and a $4 million stop loss provision. During the policy period, it has five losses of $1 million each Calculate the XYZ Company's and the insurer's payments respectively based on 1) per occurrence deductible; 2) aggregate deductible: 3) per occurrence deductible with stop loss provision