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Manley Insurance Company does business in a state having no-fault insurance. An insured carries all ...

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Manley Insurance Company does business in a state having no-fault insurance. An insured carries all ...

Manley Insurance Company does business in a state having no-fault insurance. An insured carries all classifications of insurance, with a $500 deductible for collision. The insured paid an annual premium of $2,770. The insured struck a telephone pole causing medical expenses of $2,340 for his passenger, $620 damage to his car, and $1,840 damage to property. How much more did Manley Insurance Company pay out on behalf of the insured than it received as his annual premium?

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Contemporary Business Mathematics for Colleges

Edition: 16^th

Authors: Deitz, Southam

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Just got PERFECT on my quiz

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