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Suppose you have a liability policy with a $900,000 annual aggregate deductible. a. Calculate the losses paid by insurance when the annual loss is $2M

image text in transcribed Suppose you have a liability policy with a $900,000 annual aggregate deductible. a. Calculate the losses paid by insurance when the annual loss is $2M and $500,000, respectively. (5 Marks) b. Draw and discuss the exposure diagram for the liability policy

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