Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Trust insurance company has a surplus share treaty with AL-Masri insurer and retains a line of 100,000$. The treaty contains five lines and provides for
Trust insurance company has a surplus share treaty with AL-Masri insurer and retains a line of 100,000$. The treaty contains five lines and provides for a maximum cession of $500,000. Therefore, retention and reinsurance provide the ability to issue up to $600,000. Trust insurance company issued a 250,000$ policy for a premium of $6,000 with one loss of $75,000.
based on the above information answer the following
Amount of insurance covered by Al-Masri reinsurer
Answer 1
Choose...
Amount of premium received by Trust
Answer 2
Choose...
Amount of premium received by Al-Masri reinsurer
Answer 3
Choose...
Amount of insurance retained by Trust
Answer 4
Choose...
Amount of losses covered by Al-Masri reinsurer
Answer 5
Choose...
Amount of losses covered by Trust
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started