Alex covered his automobile for a total of RO 60,000 with Al Ahlia Insurance and a total of RO 90,000 with Takaful Insurance. An accident occurred, resulting in a loss of RO 48,000. What is the maximum amount Mr. Ali may claim from each insurance company? A) Mr. Ali is eligible for a total of RO 27,000 in Takaful insurance and RO 21,000 in Vision insurance. B) Mr. Ali is eligible for a Takaful insurance claim of RO 28,800 and a Vision insurance claim of RO 19,200. C) Mr. Ali is eligible for a total of RO 30,000 in Takaful insurance and RO 18,000 in Vision insurance. D) Mr. Ali is eligible for RO 24,000 in Takaful and RO 24,000 in Eye coverage
Alex covered his automobile for a total of RO 60,000 with Al Ahlia Insurance and a total of RO 90,000 with Takaful Insurance. An accident occurred, resulting in a loss of RO 48,000. What is the maximum amount Mr. Ali may claim from each insurance company? A) Mr. Ali is eligible for a total of RO 27,000 in Takaful insurance and RO 21,000 in Vision insurance. B) Mr. Ali is eligible for a Takaful insurance claim of RO 28,800 and a Vision insurance claim of RO 19,200. C) Mr. Ali is eligible for a total of RO 30,000 in Takaful insurance and RO 18,000 in Vision insurance. D) Mr. Ali is eligible for RO 24,000 in Takaful and RO 24,000 in Eye coverage
Chapter2: Gross Income And Exclusions
Section: Chapter Questions
Problem 6P
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Question
Alex covered his automobile for a total of RO 60,000 with Al Ahlia Insurance and a total of RO 90,000 with Takaful Insurance. An accident occurred, resulting in a loss of RO 48,000. What is the maximum amount Mr. Ali may claim from each insurance company? A) Mr. Ali is eligible for a total of RO 27,000 in Takaful insurance and RO 21,000 in Vision insurance. B) Mr. Ali is eligible for a Takaful insurance claim of RO 28,800 and a Vision insurance claim of RO 19,200. C) Mr. Ali is eligible for a total of RO 30,000 in Takaful insurance and RO 18,000 in Vision insurance. D) Mr. Ali is eligible for RO 24,000 in Takaful and RO 24,000 in Eye coverage.
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