Find the amount paid by each insurance company. Assume that any coinsurance requirement is met.Insurance loss: $247,000Company A coverage: $350,000Company B coverage: $100,000Company C coverage: $50,000
A. A pays: $82,333
B pays: $82,333
C pays: $82,333
B. A pays: $123,500
B pays: $82,333
C pays: $41,167
C. A pays: $247,000
B pays: $0
C pays: $0
D. A pays: $172,900
B pays: $49,400
C pays: $24,700
Answer: D
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