Chapter 10, Problem CC.13Q

Summary Introduction

To determine:

The amount that D’s policy would pay if C or T was at fault for an accident that resulted in $65,000 of bodily injury losses.

Introduction:

Split limit insurance refers to a provision under insurance in which a person can split up its insurance coverage needs for different components for claim. A slip limit of 100/300 would mean to lowest limit of coverage would be $100,000 per person per incident for bodily injury and highest limit of coverage would be $300,000 per person per incident for bodily injury.