Delta Insurance Company has a surplus-share treaty with Eversafe Reins
Delta Insurance Company has a surplus-share treaty with Eversafe Reinsurance. Delta has a retention limit of $200,000, and nine lines of insurance are ceded to Eversafe.
How much will Eversafe pay if a $1,600,000 building insured by Delta suffers an $800,000 loss?
A) $600,000
B) $700,000
C) $720,000
D) $800,000
ANSWER
Answer: B
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.