Exam DISC-IA Practice Question 210
Study guide: Exam DISC-IA
A manufacturer's CGL policy has a $1,000,000 each occurrence limit and a $2,000,000 general aggregate, and earlier claims this policy year have reduced the remaining aggregate to $400,000. Its umbrella has a $5,000,000 limit, a $25,000 self-insured retention and drops down over reduced or exhausted aggregates. A covered bodily injury claim now settles for $1,500,000. How much does the umbrella pay?
- A) $475,000
- B) $500,000
- C) $1,075,000
- D) $1,100,000
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