ET Insurance Company cedes to MJ Insurance Company $60,000 of a $100,000 exposure on an excess of loss basis. A loss occurs for $60,000

A) MJ pays $36,000; ET pays $24,000.
B) MJ pays $20,000; ET pays $40,000.
C) MJ pays $40,000, ET pays $20,000.
D) MJ pays $30,000; ET pays $30,000.


B

Business

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