Exam DISC-IA Practice Question 822
Study guide: Exam DISC-IA
An insured has two primary liability policies covering the same $1,200,000 loss: Policy X with a $500,000 limit (an ISO CGL) and Policy Y with a $1,500,000 limit. Both permit contribution by equal shares. How much does Policy X pay?
- A) $300,000
- B) $500,000
- C) $600,000
- D) $700,000
Answer this question and see the worked solution