CAS Exam 6C Spring 2015, Question 13
Study guide: Exam 6C
An insurer has only one personal property policy and is covered by PACICC. Given the following calculate the reimbursement an insured will receive from PACICC and from the insurer in the event of insolvency:
| Item | Amount |
|---|---|
| Unearned premium | $500 |
| Claim | $400,000 |
| Deductible per claim | $1,000 |
| Distribution from insurer | $350,000 |
Part a (0.75 points)
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