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Principles of Risk Management and Insurance 13th Edition by George Rejda,Michael McNamara
Edition 13ISBN: 978-0134082578Principles of Risk Management and Insurance 13th Edition by George Rejda,Michael McNamara
Edition 13ISBN: 978-0134082578 Exercise 2
A manufacturing firm incurred the following insured losses, in the order given, during the current policy year.
How much would the company's insurer pay for each loss if the policy contained the following type of deductible?
1. $1000 straight deductible
2. $15,000 annual aggregate deductible
b. Explain the coordination-of-benefits provision that is typically found in group medical expense plans.
How much would the company's insurer pay for each loss if the policy contained the following type of deductible?1. $1000 straight deductible
2. $15,000 annual aggregate deductible
b. Explain the coordination-of-benefits provision that is typically found in group medical expense plans.
Explanation
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Verified
a )
1)
A straight deductible is generall...
Principles of Risk Management and Insurance 13th Edition by George Rejda,Michael McNamara
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