Find the Amount Paid by Each of the Multiple Carriers

question 46

Multiple Choice

Find the amount paid by each of the multiple carriers.
-The Hamilton Race Track had a fire loss of $207,000. They had insurance as follows: company A, $400,000; company B, $50,000; and company C, $50,000. Find the amount paid by each carrier. Assume the coinsurance requirement is met.

• A)A pays: $103,500
• B pays: $69,000
• C pays: $34,500
• B)A pays: $82,800
• B pays: $82,800
• C pays: $41,400
• C)A pays: $165,600
• B pays: $20,700
• C pays: $20,700
• D)A pays: $207,000
• B pays: $0
• C pays: $0

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Definitions:

Arterial Concentration

The concentration of gases, nutrients, or other substances within the arterial blood, critical for assessing the health and function of the circulatory system.

Medulla

An inner region or core in various organs or cells, often referring specifically to the innermost part of the kidney or the lower part of the brain stem.

Respiratory Centers

Centers in the medulla and pons that regulate breathing.

Chemoreceptors

Sensory receptors that respond to chemical stimuli, such as those found in the nose and taste buds.