A reinsurance cover of N100,000 in excess of N20,000 was ...
A reinsurance cover of N100,000 in excess of N20,000 was entered by insurer K with reinsurer M. In the event of a loss amounting to N120,000, M would pay?
N20,000
N120,000
N80,000
N100,000
Correct answer is C
No explanation has been provided for this answer.
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