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Home Q & A Board Other Fields Homework Help Business Management
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medulla medulla
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6 years ago
When a $1 million insured loss occurs and $300,000 of the loss is reinsured, the policy holder of the primary company will receive:
A) $1 million from the primary company
B) $1,000,000 from the primary insurer and $300,000 from the reinsurer
C) $700,000 from the primary insurer and $300,000 from the reinsurer
D) fifty percent of the loss from each company
Textbook 
Introduction to Risk Management and Insurance

Introduction to Risk Management and Insurance


Edition: 10th
Authors:
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nationalnational
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6 years ago
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