Find the Amount Paid by Each of the Multiple Carriers

question 77

Multiple Choice

Find the amount paid by each of the multiple carriers.
-The Robins Furniture Company had an insured fire loss of $191,000. It had insurance coverage as follows: Company A, $475,000; Company B, $325,000; and Company C, $175,000. Find the amount paid by each carrier assuming that the coinsurance requirement had been met.

• A)$93,051.28, $63,666.67, $34,282.05
• B)$85,705.13, $61,217.95, $44,076.92
• C)$88,153.85, $58,769.23, $44,076.92
• D)$97,948.72, $61,217.95, $31,833.33

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Definitions:

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