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When a $1 million insured loss occurs and $300,000 of the loss is reinsured, the policy holder of the primary company will receive:
A) $1 million from the primary company
B) $1,000,000 from the primary insurer and $300,000 from the reinsurer
C) $700,000 from the primary insurer and $300,000 from the reinsurer
D) fifty percent of the loss from each company
Answer: A
The above question When a $1 million insured loss occurs and $300,000 of the loss is reinsured, the policy holder of the primary company will receive:, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
