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Takaful Certificate A for fire takaful has a sum covered of RM200,000 while Certificate B has a sum covered of RM300,000. (i) State the formula

Takaful Certificate A for fire takaful has a sum covered of RM200,000 while Certificate B has a sum covered of RM300,000.

(i) State the formula for the application of the principle of contribution.

(ii) Apportion a loss of RM100,000 between Certificates A and B above.

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