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:Trade debts amounting to N300 were written off.…The amount of cession for reinsurer K if all…If Mr Olu insures Mr Obi's house, the insurer may,…If Mr. Ajasin paid his creditors N5000 out of N20…Williams and Jacob are in partnership but there is…