Question $32$

$5$ pts

If an organization has a commercial insurance program whereby an insurance company agrees to pay for losses up to $$1M$ per specific loss subject to a $$50,000$ self$-$insured retention with an excess insurance company providing excess coverage above $$1M$ up to $$2M$ per loss, how much would the organization pay in the event of a $$75,000$ loss?

$$ $$25,000$

$$50,000$

$$1M$

$$0$