Top Posters
Since Sunday
2
g
1
Home Q & A Board Other Fields Homework Help Business Insurance
New Topic  
AzJose AzJose
wrote...
Go to Answer
Posts: 679
Rep: 0 0
7 years ago
James purchased liability insurance with a $100,000 limit from Insurer A. When Insurer A denied a claim that James thought should be covered, he bought a second liability insurance policy with a $150,000 limit from Insurer B. Before he cancelled the policy with Insurer A, a $60,000 loss occurred. If this loss is settled on a pro rata basis, how much must each insurer pay?
A) Insurer A will pay $10,000 and Insurer B will pay $50,000.
B) Insurer A will pay $20,000 and Insurer B will pay $40,000.
C) Insurer A will pay $24,000 and Insurer B will pay $36,000.
D) Insurer A will pay $40,000 and Insurer B will pay $20,000.
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
Read 95 times
1 Reply
Replies
Answer verified by a subject expert
Toni_AnnetteToni_Annette
wrote...
#1
Top Poster
Posts: 581
Rep: 5 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

AzJose Author
wrote...

7 years ago
You make an excellent tutor!
jakechambo3
wrote...

Yesterday
Thanks
Evolution
wrote...

2 hours ago
This site is awesome
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  962 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 319
  
 516
  
 320
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 405
Previous poll results: Do you trust social media networks with protecting your privacy?