Exam DISC-IA Practice Question 50
Study guide: Exam DISC-IA
A customer wins a $1,250,000 compensatory judgment against the insured for an injury on its premises. The insured's CGL policy has a $1,000,000 each occurrence limit, and the aggregate is not an issue. The insurer spent $200,000 defending the suit. Ignoring interest and court costs, how much does the insurer pay in total?
- A) $1,000,000
- B) $1,200,000
- C) $1,250,000
- D) $1,450,000
Answer this question and see the worked solution
Concepts tested
- Liability Claim Valuation
- CGL Supplementary Payments
- Commercial General Liability
- CGL Limits of Insurance