308 ch6 assignment asking

Hi Lisa,You told me how registed member with your program in last week.I want to have some help for my assignment.This is BUSA 308 Ch6 asssignment of Applica;tion questions.that which is TEXT Book Principles of Risk Management and Insurance.When you tutor open the file , the tutor can see Text book name , author and ISBN No.
Text Book:
Principles of Risk Management and Insurance 12th edition
Author : Rejda McNamara
ISBN 10: 0-13-299297-6

Ch.6 Insurance Company Operations
Ch.6 Review
Questions
1.
Delta Insurance is a property insurer that
entered into a surplus-share reinsurance treaty with Eversafe Re. Delta has a
retention limit of $200,000 on any single building, and up to nine lines of
insurance may be ceded to Eversafe Re. A building valued at $1,600,000 is
insured with Delta. Shortly after the policy was issued, a severe windstorm
caused a $800,000 loss to the building.

a.
How much of the loss will Delta
Pay?
b.
How much of the loss will
Eversafe Re pay?
c.
What is the maximum amount of
insurance that Delta can write on a single building under the reinsurance
agreement? Explain your answer.

2.
Liability Insurance Co. writes a substantial
amount fo commercial liability insurance. A large construction company requests
$100 million of Liability insurance to cover its business operations. Liability
Insurance has a reinsurance contract with Bermuda Re that enables the coverage
to be written immediately. Under the terms of the contract. Liability Insurance
pays 25 percent of the lo9sses and retains 25percent of the premium. Bermuda Re
pays 75percent of the lo9sses and receives 75 percent of the premium, less a
ceding commission that is paid to Labiality Insurance.; Based on the preceding, answer the following
questions:

a.
. What type of reinsurance
cont4ract best describes the reinsurance arrangement that Liability insurance
has with Bermuda Re?
b.
B. If a $50 million covered
loss occurs, how much will Bermuda Re have to pay? Explain your answer,
c.
C. Why does Bermuda Re pay a
ceding commission to Liability Insurance?

3.
Property Insurance Company is a new property
insurer. The company is growing rapidly
because of a new homeowner policy that combines traditional homeowner coverages
with insurance the pay off the mortgage if the insured dies or becomes totally
disabled. Premiums written have increased substantially; new agents have been
hired; and the company is considering expanding into additional states. However, its growth has been hampered by
statutory accounting rules that require and insurer to write off immediately
its first –year acquisition expenses but do not allow full recognition of
premium income until the policy period has expired. In this case, explain how
reinsurance will enable property Insurance to continue to grow in orderly
fashions.

4.
Felix is a property claims
adjustor for a large property insurer. Janet is a policyholder who recently
notified the company that the roof of her home incurred substantial damage
because of a recent under a standard homeowners policy with no special
endorsements. What questions should
Felix ask before the claim is approved for payment by his company?