Find the Amount Paid by Each of the Multiple Carriers

question 55

Multiple Choice

Find the amount paid by each of the multiple carriers.
-The Acme Tire Company had an insured fire loss of $2,292,000. It had insurance coverage as follows: Company A, $2,000,000; Company B, $1,500,000; and Company C, $500,000. Find the amount paid by each carrier assuming that the coinsurance requirement had been met.

• A)$1,337,000, $573,000, $382,000
• B)$955,000, $859,500, $477,500
• C)$1,146,000, $859,500, $286,500
• D)$1,050,500, $955,000, $286,500

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Definitions:

Attachment Style

A pattern of emotional bonds and behaviors developed from early life interactions, influencing relationships in adulthood.

Stability

The quality or state of being resistant to change, maintaining the same condition, or returning to a baseline state after being disturbed.

Infancy

Refers to the earliest stage in human life, spanning from birth to the age of two, characterized by rapid physical and cognitive development.

Adulthood

A life stage characterized by reaching physical, cognitive, and social maturity, and assuming adult roles and responsibilities.