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medulla medulla
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7 years ago
United Insurance Company insures Travelco for fire insurance. United reinsures part of the exposure with Promises Reinsurance Company on an excess of loss basis, with United's retention loss level equal to $150,000. In this instance, assuming a $400,000 insured loss, Promises will pay to United:
A) $0
B) $100,000
C) $150,000
D) $250,000
Textbook 
Introduction to Risk Management and Insurance

Introduction to Risk Management and Insurance


Edition: 10th
Authors:
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giddugiddu
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7 years ago
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