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? by Sunday | Oct 17 | Insurance WAEC | 0 comments A. N20,000 B. N120,000 C. N80,000 D. N100,000 Correct Answer: Option C C. N80,000 Users Also Read These:XYZ Ltd's total sales was #100,000. It had opening…The opening balance of debtors is N100,000 and that…An insurance policy is subject to a franchise of…The principle of insurance that demands that the…If a producer sells 1kg of rice for N20 and his…