RMI 2901 HW 9 S 11

RMI 2901 HW 9 S 11 - RMI 2901 Spring 2011 Homework # 9 Due...

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RMI 2901 Homework # 9 5 Points Spring 2011 Due Tuesday, April 19 th 2011 Be careful to show all work!! No partial credit on this Homework.   1. You own a business whose property happens to be covered for losses by two  insurance companies - Company A and Company B.  Company A provides $10,000  worth of coverage while the FA of the policy from Company B is $18,000.  Assume now that you have a $15,000 property loss and that Company A and B settle  losses via the  pro rata  method.   a. Show and number  each the following and  show all work : (1 point total – must  have all parts correct) i. What are % A and % B?  Round percents to nearest whole number (i.e.  round up 24.8% to 25%)   ii. How much does each insurer pay for your loss? Show work!  Assume now that Company A and B settle losses via the  limits of liability  (LOL)  method.  a. Show and number
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RMI 2901 HW 9 S 11 - RMI 2901 Spring 2011 Homework # 9 Due...

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