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: |Published on: Oct 17|Categories: Insurance WAEC| 0 comments

A. N20,000
B. N120,000
C. N80,000
D. N100,000

Correct Answer: Option C

C. N80,000

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