Calculate the Amount to Be Paid by the Insurance Company

question 33

Short Answer

Calculate the amount to be paid by the insurance company for the claim. $$\begin{array} { l l l l l } \text { Replacement } & & & \text { Amount of Loss } \\\text { Value of } & \text { Face Value } & \text { Coinsurance } & \text { Amount } & \text { Insurance Co. } \\\text { Building } & \text { of Policy } & \text { Clause } & \text { of Loss } & \text { Will Pay } \\\$ 100,000 & \$ 90,000 & 90 \% & \$ 1,000 &\end{array}$$

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Definitions:

Tender Offer

A public, open offer or invitation (usually made by a company) to all shareholders to sell their shares at a particular price during a specified time.

Proxy Contest

A competition for the control or influence over a company by requiring shareholders to vote by proxy.

Shareholder Votes

The process by which shareholders exercise their right to make decisions on corporate matters, typically exercised during annual general meetings.

Board of Directors

A group of individuals elected by shareholders to oversee the management and governance of a corporation.