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Bob has three policies from three companies with the following
limits: Policy A = $6,000 Policy B = $3,000, and Policy C = $1,000.
Assuming that Bob suffers a $3,000 loss, and the policies pay on a
‘pro-rata’ basis, how much will he receive from each company?
A. $6,000, $3,000, $1,000
B. $3,000, $2,000, $ 1,000
C. $1,800, $900, $300
D. $3,000, $ 0, $ 0
If Company A in the question above becomes insolvent, How much
would Bob receive from each insurer?
A.
$ 0, $900, $300
B.
$ 0, $2,000, $ 1,000
C.
$0, $ 3,000, $ 1,000
D.
$0, $ 3,000, $ 0
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The post Assuming that Bob suffers a $3,000 loss, and the policies pay on a ‘pro-rata’ basis, how much will he receive from each company? appeared first on Wise Papers.
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