Tim’s Tailor Shoppe has the following coverages: CGL - $500,000 Excess Policy $2,000,000, ABC insurance company requires $1,000,000 underlying limit If Tim’s has a loss of $750,000 how will the policies respond? a. $750,000 Excess b. $500,000 CGL only c. $250,000 Excess only d. $500,000 CGL and $250,000 Excess

Tim’s Tailor Shoppe has the following coverages: CGL - $500,000 Excess Policy $2,000,000, ABC insurance company requires $1,000,000 underlying limit If Tim’s has a loss of $750,000 how will the policies respond? a. $750,000 Excess b. $500,000 CGL only c. $250,000 Excess only d. $500,000 CGL and $250,000 Excess

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter13: Comparative Forms Of Doing Business

Section: Chapter Questions

Problem 33P

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