of A janitorial services company offers medical costs coverage for its employees. Its probability distribution for medical costs for the coming year is as follows: $0 with probability of 0.9335 $ 4,000 with probability of 0.0500 $ 6.000 with probability of 0.0100 $ 15,000 with probability of 0.0050 $ 80,000 with probability of 0.0010 $ 800,000 with probability of 0.00050 Determine the expected claim costs for each of the following policies: a) Full insurance (6 MARKS) b) $5,000 deductible, 25 percent dinsurance, and a $500,000 limit (8 MARKS) c) How do mutual insurers accumulate capital? How does that differ from stock insurers (3 MARKS) d) Describe the major investments held by property- liability insurers and life-health insurers. (3 MARKS) 1 i E = 00 of A janitorial services company offers medical costs coverage for its employees. Its probability distribution for medical costs for the coming year is as follows: $0 with probability of 0.9335 $ 4,000 with probability of 0.0500 $ 6.000 with probability of 0.0100 $ 15,000 with probability of 0.0050 $ 80,000 with probability of 0.0010 $ 800,000 with probability of 0.00050 Determine the expected claim costs for each of the following policies: a) Full insurance (6 MARKS) b) $5,000 deductible, 25 percent dinsurance, and a $500,000 limit (8 MARKS) c) How do mutual insurers accumulate capital? How does that differ from stock insurers (3 MARKS) d) Describe the major investments held by property- liability insurers and life-health insurers. (3 MARKS) 1 i E = 00