4. A liability insurance policy has a deductible of $100,000, a policy limit of $20,000,000 and co-insurance such that the policyholder pays 20% of the remaining claim. How much does the insurer pay if the loss is: (i) $50,000 (ii) $362,000 (iii) $20,065,000 (iv) $31,400,000

4. A liability insurance policy has a deductible of $100,000, a policy limit of $20,000,000 and co-insurance such that the policyholder pays 20% of the remaining claim. How much does the insurer pay if the loss is: (i) $50,000 (ii) $362,000 (iii) $20,065,000 (iv) $31,400,000

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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