Find the Amount Paid by Each of the Multiple Carriers

question 33

Multiple Choice

Find the amount paid by each of the multiple carriers.
-The London Coat Company had an insured fire loss of $167,000. It had insurance coverage as follows: Company A, $500,000; Company B, $350,000; and Company C, $150,000. Find the amount paid by each carrier assuming that the coinsurance requirement had been met.

• A)$91,850, $54,275, $20,875
• B)$87,675, $50,100, $29,225
• C)$79,325, $54,275, $33,400
• D)$83,500, $58,450, $25,050

---

Definitions:

Foreign Goods

Products or services that are produced in one country and sold in another, outside the country of origin.