James purchased liability insurance with a $100,000 limit from insurer
a. when insurer a denied a claim that james thought should be covered, he bought a second liability insurance policy with a $150,000 limit from insurer
b. before he cancelled the policy with insurer a, a $60,000 loss occurred. if this loss is settled on a pro rata basis, how much must each insurer pay? insurer a will pay $10,000 and insurer b will pay $50,000. insurer a will pay $20,000 and insurer b will pay $40,000. insurer a will pay $40,000 and insurer b will pay $20,000. insurer a will pay $24,000 and insurer b will pay $36,000.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “James purchased liability insurance with a $100,000 limit from insurer a. when insurer a denied a claim that james thought should be ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Luxura Inc. is a large cosmetics company that made an initial small investment in a start-up company, GreenDream, that was developing an organic face lotion. This gave Luxura controlling interests in the start-up company.
Answers (1)
Concord Company signed a long-term noncancelable purchase commitment with a major supplier to purchase raw materials in 2021 at a cost of $1,024,100. At December 31, 2020, the raw materials to be purchased have a market value of $978,600.
Answers (1)
Should the United States make eliminating its national debt a top priority?
Answers (1)
Jackson says that his fifth game of chess gave him greater utility than his first, and therefore the law of diminishing marginal utility does not hold.
Answers (1)
Using the smith bbq Report, if hourly wages increased by 10% next week from the current week, and all other costs stay constant, what will be the variance of total payroll be next week?
Answers (1)
New Questions in Business
Which type of unemployment is caused by a lack of demand for workers as a result of a shrinking economy?
Answers (1)
Actionable performance measures should be meaningful to a company's management and should provide the basis for decisions at the strategic level in an organization. A. True B. False
Answers (1)
In what countries is it important to keep a certain distance from the person you are greeting?
Answers (1)
If a company is using the accrual basis accounting method, when should it record its earned revenue? a. when cash is received, even though services may be rendered at a later date b.
Answers (1)
The primary difference between a podcast and a webinar is : Group of answer choices podcasts require more preparation. a webinar is akin to an online radio show. webinars are easier to optimize for search engines.
Answers (1)