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Suppose Sunshine Inc. has a $1 million per occurrence deductible, $3 million aggregate deductible and a $3 million stop loss provision. During the policy period,
Suppose Sunshine Inc. has a $1 million per occurrence deductible, $3 million aggregate deductible and a $3 million stop loss provision. During the policy period, it has three losses: $0.5 million, $0.8 million, and $2 million. Calculate Sunshine Inc.s and its insurers payments respectively based on
a) per occurrence deductible;
b) aggregate deductible;
c) per occurrence deductible with stop loss provision.
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