Find the Amount Paid by Each of the Multiple Carriers

question 1

Multiple Choice

Find the amount paid by each of the multiple carriers.
-The Jason Manufacturing Company had an insured fire loss of $79,000. It had insurance coverage as follows: Company A, $450,000; Company B, $275,000; and Company C, $100,000. Find the
Amount paid by each carrier assuming that the coinsurance requirement had been met.

• A)$41,893.94, $29,924.24, $7,181.82
• B)$45,484.85, $27,530.30, $5,984.85
• C)$43,090.91, $26,333.33, $9,575.76
• D)$39,500.00, $28,727.27, $10,772.73

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Definitions:

Terminating Case Management

The process of concluding the professional relationship between a case manager and their client, usually after achieving predetermined goals.

Short-Term Interventions

Short-term interventions are therapeutic or remedial activities designed to produce immediate or rapid benefits, typically addressing acute issues.

Process Recording

A method used in social work education and practice, involving the detailed documentation of a social worker's interaction with a client, used for training, supervision, and self-reflection.

Progress Notes

Written records kept by professionals to document the progress of a client or case over time, highlighting significant events, interventions, and outcomes.