Find the Amount Paid by Each of the Multiple Carriers

question 72

Multiple Choice

Find the amount paid by each of the multiple carriers.
-The Dixie Beer Company had an insured fire loss of $61,000. It had insurance coverage as follows: Company A, $500,000; Company B, $200,000; and Company C, $100,000. Find the amount paid by each carrier assuming that the coinsurance requirement had been met.

• A)$35,075, $16,775, $41,175
• B)$41,175, $12,200, $7,625
• C)$38,125, $15,250, $7,625
• D)$36,600, $15,250, $9,150

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Definitions:

Local Competitors

Businesses within the same geographic area that offer similar products or services and compete for the same customer base.

Managers

Individuals in charge of directing and overseeing the activities of a group or organization to achieve specific objectives.

Union Organizing Campaign

A coordinated effort aimed at convincing workers to join or form a union to negotiate collectively with their employer.

Organizations

Groups of people who work together in an organized way for a shared purpose.