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71) The Dixie Beer Company had an insured fire loss of

Question : 71) The Dixie Beer Company had an insured fire loss of : 2139074

Find the amount paid by each of the multiple carriers.

71) 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) $ 36,600, $ 15,250, $ 9,150

C) $ 38,125, $ 15,250, $ 7,625

D) $ 41,175, $ 12,200, $ 7,625

72) The Robins Furniture Company had an insured fire loss of $ 191,000. It had insurance coverage as follows: Company A, $475,000; Company B, $325,000; and Company C, $175,000. Find the amount paid by each carrier assuming that the coinsurance requirement had been met.

A) $ 93,051.28, $ 63,666.67, $ 34,282.05

B) $ 97,948.72, $ 61,217.95, $ 31,833.33

C) $ 88,153.85, $ 58,769.23, $ 44,076.92

D) $ 85,705.13, $ 61,217.95, $ 44,076.92

73) The Jason Manufacturing Company had an insured fire loss of $79,000 It had insurance coverage as follows: Company A, $450,000; Company B, $275,000; and Company C, $100,000. Find the amount paid by each carrier assuming that the coinsurance requirement had been met.

A) $ 39,500.00, $ 28,727.27, $ 10,772.73

B) $ 43,090.91, $ 26,333.33, $ 9,575.76

C) $ 45,484.85, $ 27,530.30, $ 5,984.85

D) $ 41,893.94, $ 29,924.24, $ 7,181.82

74) The Acme Tire Company had an insured fire loss of $ 2,292,000. It had insurance coverage as follows: Company A, $2,000,000; Company B, $1,500,000; and Company C, $500,000. Find the amount paid by each carrier assuming that the coinsurance requirement had been met.

A) $ 955,000, $ 859,500, $ 477,500

B) $ 1,337,000, $ 573,000, $ 382,000

C) $ 1,146,000, $ 859,500, $ 286,500

D) $ 1,050,500, $ 955,000, $ 286,500

75) The Star Tool Company had an insured fire loss of $ 1,416,000. It had insurance coverage as follows: Company A, $4,500,000; Company B, $2,500,000; and Company C, $1,000,000. Find the amount paid by each carrier assuming that the coinsurance requirement had been met.

A) $ 855,500, $ 354,000, $ 206,500

B) $ 826,000, $ 413,000, $ 177,000

C) $ 767,000, $ 413,000, $ 236,000

D) $ 796,500, $ 442,500, $ 177,000

76) The Baker Fur Company had an insured fire loss of $ 2,364,000. It had insurance coverage as follows: Company A, $2,000,000; Company B, $750,000; and Company C, $325,000. Find the amount paid by each carrier assuming that the coinsurance requirement had been met.

A) $ 1,537,560.98, $ 576,585.37, $ 249,853.66

B) $ 1,569,593.50, $ 560,569.11, $ 233,837.40

C) $ 1,601,626.02, $ 528,536.59, $ 233,837.40

D) $ 1,441,463.41, $ 640,650.41, $ 281,886.18

77) The Robinson Company had an insured fire loss of $ 708,000. It had insurance coverage as follows: Company A, $725,000; Company B, $500,000; and Company C, $200,000. Find the amount paid by each carrier assuming that the coinsurance requirement had been met.

A) $ 360,210.53, $ 248,421.05, $ 99,368.42

B) $ 362,280.70, $ 258,771.93, $ 86,947.37

C) $ 358,140.35, $ 244,280.70, $ 105,578.95

D) $ 364,350.88, $ 252,561.40, $ 91,087.72

78) 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: $ 165,600

B pays: $ 20,700

C pays: $ 20,700

B) A pays: $ 207,000

B pays: $0

C pays: $0

C) A pays: $ 103,500

B pays: $ 69,000

C pays: $ 34,500

D) A pays: $ 82,800

B pays: $ 82,800

C pays: $ 41,400

79) A building with a replacement cost of $1,100,000 has fire damages of $360,000. The insurance coverage is split between Company A ($500,000) and Company B ($300,000). Find (a) the amount of the loss covered and (b) amount paid by each company. (Note that the coinsurance requirement has not been met.)

A) (a) $327,272.73 $204,545.45

(b) Company A: $204,545.45

Company B: $122,727.27

B) (a $360,000

(b) Company A: $180,000.00

Company B: $180,000.00

C) (a) $360,000

(b) Company A: $225,000.00

Company B: $135,000.00

D) (a) $327,272.73

(b) Company A: $163,636.36

Company B: $163,636.36

Find the annual premium in territory 1.

80)

Operator age:

31

Driver's ed:

yes

Liability:

25/50

Property:

$25,000

Comprehensive/Collision Age Group:

3

Uninsured motorist:

yes

Symbol:

7

 

A) $518.00

B) $899.00

C) $1015.00

D) $584.00

Solution
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