Apex Health Insurance has a retention limit of $100,000 for a single policy. Apex Health enters into an excess-of-loss per risk treaty withGeneva Re. Geneva Re agrees to pay all losses exceeding $ 100,000 but only to a maximum of $1 million of the sum insured.If Apex Health has $ 1.2 million loss, how much Apex has to pay?(use an integer number for your answer, such as 123456) Apex Health Insurance has a retention limit of $100,000 for a single policy. Apex Health enters into an excess-of-loss per risk treaty withGeneva Re. Geneva Re agrees to pay all losses exceeding $ 100,000 but only to a maximum of $1 million of the sum insured.If Apex Health has $1.2 million loss, how much Geneva Re has to pay?(use an integer number for your answer, such as 123456)

When a health insurance company enters into an agreement to cover the losses of another insurance…

Answered: If Apex Health has $1.2 million loss,…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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If Apex Health has $1.2 million loss, how much Apex has to pay? (use an integer number for your answer, such as 123456)