Riffa Insurance Company has a surplus share treaty with Trust Re. Riffa Insurance has a retention limit of $250,000 and four lines ofinsurance are ceded to Trust Re.How much will Trust Re pay if a $1,000,000 bulding insured by Riffa Insurance suffers a $500,000 loss?

Given information: The retention limit of the company R is $250000 and four lines of insurance are…

Answered: Riffa Insurance Company has a surplus…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Riffa Insurance Company has a surplus share treaty with Trust Re. Riffa Insurance has a retention limit of $250,000 and four lines of insurance are ceded to Trust Re. How much will Trust Re pay if a $1,000,000 bulding insured by Riffa Insurance suffers a $500,000 loss?