United Insurance Company insures Travelco for fire insurance. United reinsures 40% of this exposure with Promises Reinsurance company on a pro-rata basis. If a $400,000 insured loss occurs at Travelco, Promises Reinsurance will pay United:
A) $0
B) $400,000
C) $160,000
D) $240,000
C
You might also like to view...
Most companies
a. are not concerned with the management of working capital because cash flows are good. b. strive for a balance between current assets and current liabilities. c. try to maintain protection from the creditors by keeping only a small amount of cash available. d. agree that working capital of $3,000,000 is sufficient for business operations.
Three elements that comprise character are ______.
a. passion, drive, and perseverance b. integrity, authenticity, and internal accountability c. passion, authenticity, and perseverance d. integrity, authenticity, and an external locus of control
Monetary damages are not provided in cases involving violation of the ADA
Indicate whether the statement is true or false
________ rulemaking combines some of the aspects of formal and informal rulemaking
A) Hybrid B) Conglomerate C) Congruent D) Economies-of-scale